The industrial real estate market in Baja California has reflected the largest downward adjustments in its vacancy nationwide at the end of the first quarter of 2022, according to data from Solili.

Tijuana y Tecate were placed below 0.6%, cities that reached an availability of 47 thousand and 3.4 thousand square meters, respectively.

"It is no coincidence that being part of a border as dynamic as the one that develops between the United States and Mexico, they receive all the pressures of inventory depletion," the platform said.

On the other hand, the annual growth rate of spaces was 6.4% compared to last year. After coming from 3% between 1T2021 and 1T2020.

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“This allows us to indicate an increase of more than double, driven by the large number of constructions that are revitalized after the pandemic.”

It should be considered that, between 2020 and 2021, the gross demand in Tijuana increased at a rate of 63%, with almost 770 thousand square meters.

This placed the city in third place at the national level, only below Monterrey y Mexico City (CDMX).

According to Solili, the main corridors in Tijuana, such as El Florido-Boulevard 2000, Otay-Alamar and La Mesa Rapida, currently do not have available space. These concentrate almost 65% of the entity's inventory.

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This situation has been the trigger for the rental price of these industrial properties in Baja California to reach $6.00 per month per square meter, the same as that registered in CDMX.

Similarly, in Tecate the current availability is concentrated on Mexicali-Tecate. Here are located the 3.4 thousand vacant square meters of this submarket.

For the following quarters of the year, the platform expects high competition among institutional developers. This with greater impetus for land with services due to the scarcity of finished industrial real estate in Baja California.

In Solili you can consult industrial warehouses available in Ciudad Juárez and Saltillo

Original note