The industrial real estate market of Puebla has been affected by the fall in global manufacturing activity, this has generated that market indicators have been affected, especially demand volumes, for which developers have expressed their interest in Invest once this indicator rebounds.

With figures at the close of 1Q 2021, the Huejotzingo submarket reports the highest number of vacant square meters, which has been a point of interest in recent years due to its proximity to Mexico City, the Puebla International Airport and the growing infrastructure to house diverse industries.

The Autopista México-Puebla submarket has the largest inventory, it also concentrates the class A construction available in this market. This submarket reflects the traditional industry of the Puebla market where large automotive companies with medium and small manufacturers are located, generally linked in the same way to the automotive sector. Its connectivity has managed to develop first-rate projects as well as more austere wineries that satisfy the demand in the area.

The highest vacancy rate is reported by the Puebla-Tlaxcala submarket, although this is due to the fact that it has the lowest inventory. The availability is concentrated in class A warehouses of the developers Finsa and Vesta, which also concentrate the total availability of class A spaces in the industrial market of Puebla and have several years of experience operating in this market.

Read: Solili National Industrial Real Estate Report 1Q 2021

Finsa and Vesta, the main developers of Puebla, have maintained their confidence in this market and although the demand for speculative spaces has not increased significantly, the tailor-made projects have managed to consolidate.

The developers of the city remain expectant before the movements of the market, the reactivation can occur at any time so they are waiting for a slight improvement in the indicators for the detonation of new projects.

Check all the key indicators on the Puebla industrial market here.