The Monterrey industrial market is characterized by its high demand for industrial spaces and at the end of January 2024, it was no exception, as it reported positive behavior, registering a figure greater than the 120 thousand square meters demanded with a total of 9 transactions. .
Of the total demand reported in January 2024, about 70% corresponds to Build to Suit projects, which highlights the importance of a specific and custom-made design, in accordance with the requirements of companies to meet quality standards. and its interest in establishing itself in the market located in the northeast of the country.
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Although industrial demand in January 2024 reports a decrease of 28% compared to the same period in 2023, leasing activity closes the month strongly, which positions the city of Monterrey as the second industrial market with the highest demand in the country. only below Mexico City.
Among the sectors that attracted the greatest investments for this first month of the year, the manufacturing sector stands out with more than half of the total demand.
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It is important to note that vacancy levels have remained around 1% over the last year, despite the strong demand for industrial properties in the region. This is because, although Monterrey continues to be a market with intense dynamics in terms of the start of construction, new projects are usually pre-leased when they are in the construction process.
In the month of January 2024 alone, the construction of around 150 thousand square meters of industrial warehouses began in Monterrey, which corroborates the dynamism of industrial investments and the high interest on the part of companies.