At the end of the third quarter of 2022, the capital of the country managed to rise to first place in terms of gross industrial demand, registering 627 thousand square meters, exceeding by 25% the demand in Monterrey, which had occupied first place in this indicator. during the first two quarters of 2022.

When we compare the performance and activity of construction in the 5 main markets that lead the demand at the national level, we can confirm that the pace of construction in Monterrey grew by 134%, its volume doubled in Querétaro and advanced 55% in Ciudad Juárez. comparing what was registered in 3Q 2022 with respect to the same period of the previous year.

Consult here: Mexicali, Tijuana and Ciudad Juárez concentrate 80% of the new offer in October 2022

However, in Mexico City there has rather been a contraction in the volume of constructions of 5% and in Tijuana practically the same is being built as for a year ago, which indicates that these last two markets are not generating enough constructions to meet demand in the short and medium term.

Part of the challenges that triggering new constructions brings has to do with the existence of land that has the elements of location, infrastructure and services that allow developers to undertake viable and profitable projects to feed the chain towards developers of parks or warehouses. industrial.

In the case of Mexico City, 80% of the constructions that are advancing are located on the Toluca, Tultitlán y Cuautitlán submarkets, the same percentage that is concentrated in the case of Tijuana on the Florida-Boulevard 2000 and Pacifico Nordika submarkets. These have been traditional submarkets for these prominent industrial markets but they have become saturated forcing land developers to explore new options for medium and long term growth plans.

Of interest: Continúa la escalada de precios de renta industriales en mercados mexicanos 

However, these new development possibilities are further away from the centers of both markets. In the case of Tijuana, they are located to the south, towards Rosarito and to the east within Valle Redondo. In the case of Mexico City, there would still be potential in Toluca, but it is to the north towards Zumpango and Huehuetoca where the expansion of the capital market is being analyzed, mainly driven by the construction of the city's new airport.

The next step to the location of the land is the provision of services, where the electricity supply and the provision and collection of white and served water are the most critical point to generate new developments.

In mid-November 2022, the negotiations to resolve the controversy with the United States and Canada over energy issues continue to progress, where spokespersons for both Mexico and the United States reiterate their commitment to finding a satisfactory solution within the existing mechanisms in the T -MEC.

In the immediate future, there is no doubt that Mexico will continue to develop its capacity to export high-value-added products in the automotive, metal-mechanic, logistics, electronics, aeronautical, textile, agri-food, and chemical industries, to name a few. And in these markets Mexico City and Tijuana, as well as Monterrey, Ciudad Juárez and the entities of the Bajío will continue to open development fronts towards 2023.