The outlook for the first half of the year in the real estate sector will be framed by investments in Mexico to detonate dynamism in the industrial sector and the North American economy due to the resources allocated to infrastructure and social reconstruction works.

Solili issued its industrial report where it sees active growth between 10 and 15% in the second quarter of 2021.

According to Solili figures, the gross industrial demand nationwide was 354,000 square meters during the month of May, which gives a cumulative 804,000 square meters for the April-May period.

During the first quarter of 2021, the total demand was 1.2 million square meters, so it is expected that for the second quarter the figures will be higher and report increases between 10 and 15 percent.

Guanajuato ended May with the completion of two tailor-made projects, with a total of 12,000 square meters, corresponding to manufacturing companies.

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San Luis Potosí and Aguascalientes, two of the markets that traditionally have less activity in the Bajío region, continued within the preference of foreign capital to invest.

During April they had a rebound in their demand and in May they continued with this trend; Just in the last month, San Luis Potosí reached a figure of more than 19,000 square meters, while Aguascalientes a little more than 13,000 square meters. Demand amounts were driven by Asian and North American investments with tailor-made projects in the robotics and automation area.

The new industrial supply, that is, what went from being under construction to the existing inventory, during May was almost 123,000 square meters nationwide.

In markets with a strong manufacturing vocation –as is the case of San Luis Potosí, Guanajuato or Aguascalientes– the type of construction was mostly made-to-measure projects.

We recommend: Solili Industrial Report May 2021: Demand continues active and will grow between 10 and 15% in 2Q 2021

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