At the end of April 2022, Monterrey stood out at the forefront of gross industrial demand by registering more than 160 thousand square meters per month, while Saltillo held the second position at the national level with just over 87 thousand square meters.

The relative location of Saltillo, located 85 km from Monterrey, a little over an hour and a quarter on the Monterrey Cuota-Saltillo Highway, explains why part of the demand pressure has managed to move to Saltillo, which still has almost 180,000 square meters available.

Both markets are part of the Northeast Automotive Industrial Logistics Park, where the Saltillo-Monterrey Metropolitan region takes advantage of the regional connectivity to the ports made up of three airports, twelve industrial parks, four assembly plants, three intermodal terminals and one multimodal.

Check here: Jabil promotes its growth in Mexico and plans to invest 100 million dollars

This configuration has allowed the outstanding participation of automotive investments and the development of suppliers in this industry, and therefore the demand for the first quarter of the year was concentrated mainly in the automotive and logistics segments.

In terms of geographic location, the Ramos Arizpe submarket concentrated almost 80% of the demand in this market.

At the end of 1Q 2022, Saltillo left an industrial offer varied in size and price with a total of almost 30 available properties, having the capacity to satisfy the demand of companies looking for spaces from 1.2 thousand square meters, to spaces that exceed 18 thousand square meter.

Currently, at the beginning of May 2022, the entity has 43 rental options for industrial buildings between 755 square meters and 18.8 thousand square meters, where a large part of the availability is distributed in industrial parks developed by Davisa, Finsa, Vynmsa and Roca Desarrollos, among those with the most areas.

It should be remembered that Saltillo ranked fifth in demand nationwide during 2021, exceeding the quarterly levels of demand that it had registered in previous years. Precisely the pandemic stimulated the search for industrial spaces in a market that in the month of March 2021 registered a vacancy of 6.6% and that two years later stood at 3.6%, which shows the strong absorption of available inventories in the entity.

Of interest: What have been the effects of high inflation rates on the real estate market in Mexico?

However, in Monterrey the pressure of demand has been much greater than in Saltillo where we could observe an even more pronounced reduction in vacancy, going from 6.03% in March 2021 to contract to 2.5% at the end of March 2022, however , this has also been an element that has been playing in favor of Saltillo since the strong demand from Monterrey has put pressure on the capital of Coahuila to take off.

Another relevant indicator for Saltillo is the start of new constructions that only during the month of April 2022 exceeded 68 thousand square meters and where almost 19 thousand square meters were completed during the fourth month of the year and formed to increase the inventory.

Projections towards the quarterly close indicate that this market will continue to be an important contribution for Monterrey and for the Northeast region, which specifically will continue to mark the position of greatest relevance in national demand.