Guanajuato has been characterized by having the highest industrial vacancy at the national level during 2021 and 2022. But if we analyze its evolution during the last year, we can see that it registered a decrease of 2.6 percentage points when comparing the end of the third quarter of 2022 with the 2021.

Only Monterrey, Chihuahua y Tecate had higher percentage adjustments in annual terms of 3.4, 3.3 and 2.8 percentage points, respectively.

Guanajuato at the end of 3Q 2022 reached a vacancy of 5.5% followed by San Luis Potosí with 5.1% and then with a much greater difference Saltillo that registered 3.7% at the end of 3Q 2022. As a reference of the 15 industrial markets that Solili covers, half own vacancies less than 2% at the end of October 2022.

Of interest: Solili Industrial Report November 2022, 6.6 million m² have been absorbed in the country

Among the factors that have influenced the downward adjustment of vacancy in this market of the lowlands is the sustained increase in net demand that exceeds the accumulated between January and September 2022 by 150% compared to what was registered in the same period of 2021.

Throughout 2022, gross demand has concentrated more than 90% in Class A industrial buildings where an operation corresponding to a custom-made project located on the San Miguel de Allende-San José Iturbide corridor concentrates about 23% of the whole period.

The momentum that industrial constructions have taken is another determining factor that has contributed to the decrease in vacancy because even exceeding 343,000 square meters at the end of October 2022, it is still below the sustained rate at which demand is growing.

Another phenomenon that has been maintained throughout 2022 is the increase in the participation of speculative constructions that has allowed for greater options in terms of size and locations in order to satisfy demand and mobilize part of the available inventories that this project had. market.

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In recent press announcements, we have seen both the local government and groups of investors and developers in the region mobilize to attract investments in agri-food or medical devices, to name a few non-traditional sectors, which have allowed the range of supply to be expanded towards lines that traditionally they did not settle in Guanajuato.

However, the traditional sectors continue to have a strong presence in investments, for which we have as an example the case of Pirelli, which plans an investment of 114 million euros, or Continental, with another 210 million dollars, which reinforces the prominent automotive and aeronautical profile that They not only generate skilled labor jobs, but also attract multiple suppliers of the production chain that are increasingly demanding more vacant industrial spaces on Guanajuato lands.