The dynamism of the industrial market is still present in the 5.5 million square meters of industrial works that advance on Mexican territory.

The relocation processes of new companies in our country make up part of this figure, to which are also added a large number of production expansion areas that seek to expand their market share and meet delivery times with their national and international clients.

Of interest: Industrial construction in Saltillo reaches the highest level recorded in the last 5 years

At the national level, the industrial inventory continues to expand with the completion of 240,000 square meters of innovative industrial projects, where we can observe characteristics of areas, height, distance between columns, provision of large maneuvering yards and various elements that meet the needs of manufacturing companies. and logistics, who opt for a market within the Mexican territory

Monterrey y Ciudad Juárez take the first places in industrial buildings that were completed during the month of July 2023, becoming part of the inventory of their respective markets.

Monterrey completed 58,000 square meters of industrial buildings while in Ciudad Juárez there are 53,000 square meters that completed construction in the seventh month of the year. Three other markets such as Guadalajara, Tijuana y Querétaro managed to deliver in July 2023 about 36,000, 30,000 and 27,000 square meters, respectively.

In turn, while some projects finish, others begin to be built and this amount becomes similar to those that are delivered, reporting just over 230,000 square meters. However, the territorial concentration is different and more than 66% of these new buildings that have just started construction are located on Monterrey.

Consult here: Rental prices in Guadalajara continue to grow due to the decrease in industrial spaces

Monterrey, with its high supply profile, is preparing to meet a large amount of demand that will be partly derived from the effect of Tesla's arrival in Santa Catarina, and partly associated with the development of electromobility providers that serve several of the vehicle assembly companies. vehicles that have announced their expansions in Mexico. At the end of the month of July 2023 in Monterrey, a third of the total industrial buildings in the country are being built.

To a lesser extent, new constructions began in Mexico City, Querétaro and Saltillo with 23 thousand, 10 thousand and 15 thousand square meters. The projections towards the end of the third quarter of the year anticipate an increase in construction in progress, motivated by the average rental prices registered and the low levels of vacancy that are still registered, mainly in the markets of the northern border of the country.