The presence of a cluster in the automotive sector that is expanding and strengthening has been the great driver of industrial demand in San Luis Potosí, which managed to accumulate between April and May 2023 about 73,000 square meters. If the 46,000 square meters of gross demand accumulated in the first quarter of the year are added to this amount, this market occupies the eighth position nationwide, very close to Guanajuato.

The San Luis Potosí-Villa de Arriaga corridor led demand in the first quarter of the year with 60%, followed by the San Luis Potosí Industrial Zone submarket, which accounts for the remaining 40%.

Of interest: Falls in vacancy rates, a challenge for the growth of industrial demand

In mid-April, after the tour that the governor of this entity made to Germany and Spain, they already announced that an investment from Europe would be received for 3 billion dollars during 2023. The total investment of 1,300 million euros that will be made stands out BMW for the battery plant and the assembly plant, both investments in electric cars.

Likewise, the Bosch company foresees a capital injection of approximately 500 million euros that will be invested in the manufacture of automobile computers and to advance in the process of generating environmentally friendly energy.

In mid-April 2023, it was also announced that the Spanish company Gestamp is considering investment plans for this lowland market that will be directed at the design, development, and manufacture of metallic components for automobiles.

For its part, the Chinese company Asiaway Automotive Components, a supplier to the automotive sector, inaugurated the first phase of its new plant located in the WTC Industrial Park in San Luis Potosí. The surface of the building is 23 thousand square meters

where an investment of 41.4 million dollars was made, which is complemented by its 4,700 m2 plant located in the Logistik I Industrial Park. The company contemplates

a project that will be carried out in a second phase where it plans to invest an additional 372.6 million dollars.

Check here: Asiaway announces expansion for 372.6 million dollars in San Luis Potosí

As we can review on the Solili platform, during the months of April and May 2023, constructions totaling 100,000 square meters have been completed, so the record of constructions in progress reaches 107,000 square meters, the lowest level in recent years. twelve months.

Currently, vacancy has decreased considerably, reaching 2.5% at the end of May 2023, which also explains the increase in average rental prices that reaches $4.2 dollars per monthly square meter. Although if we compare this value with the main markets in the north of the country, there are still important advantages for tenants who choose to locate in San Luis Potosí.