The Guadalajara industrial market managed to overcome an important challenge during the year 2023 regarding the indicators of gross demand, construction and rental prices. It managed to succeed by registering a 7.0% increase in gross demand compared to the accumulated total for 2022, reporting 321 thousand square meters annually. Activity in this indicator remained constant quarter by quarter except for Q2 2023 where demand slowed slightly.

Regarding construction, an important pace of activity is maintained, carrying out 247 thousand square meters of industrial projects. This amount reflects the 293 thousand square meters of projects completed during the year and the start of another 348 thousand square meters of new industrial buildings.

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Currently, about eight developers compete with their construction offers with surfaces ranging from 2,000 to 43,000 square meters, with the characteristics of being entirely concentrated on speculative projects.

Regarding industrial rental prices, the year ends with $6.10 dollars per square meter monthly, which represents an increase of 17.5% annually. This increase in the last year has been more pronounced than those reflected in previous years and is associated not only with the push that demand has brought throughout the period, but with the low vacancy rate that is still below 1.0% by the end of the year. 2023.

Of interest: Expectations of the industrial real estate sector for 2024

One of the institutional investors that has shown outstanding growth in this important market has been Kampus Industrial Santa Rosa, which in recent statements commented that it will focus in 2024 on diversifying its sources of capital in order to continue developing industrial complexes with added value. through positive social impact on the environment and nearby communities.

On the other hand, the Association of Industrial Parks of the State of Jalisco, together with the developers who live in this market, coordinate together with the state and municipal authorities, to define new strategic industrial spaces. The key is to guarantee harmonious development where not only are industrial areas provided with services but the existence and availability of housing in the surrounding area, transportation and mobility are guaranteed to guarantee the viability of industrial projects in the immediate future.