Reynosa registered a vacancy of 3.3% at the end of January 2022, according to monitoring by the Solili platform, which reflects a difference of one percentage point compared to the same period in 2020, although it reached a minimum below 3% during October 2021.

The South, Aeropuerto-Puente Pharr y Poniente submarkets exhibit levels even lower than the average with 2.7%, 1.8% and 1.3%, respectively. The high dynamism of the demand that accumulated 244 thousand square meters in 2021 has been the trigger for a significant decrease in the available spaces in the entity.

Check here: Occupation of industrial spaces tripled in 2021 according to AMPIP

During 4Q 2021, the US-based company Corning began construction of its new 32.5 thousand square meter plant located on the Poniente submarket, under the tailor-made scheme. During 3Q 2021, demand stood at 78% over the Pharr Airport-Puente corridor, concentrated entirely in manufacturing activity.

This significant rate of demand has allowed developers such as GP Desarrollos, Fibra Nova, Parks and Prologis, among others, to participate in the demand in 2021.

These developers are aware of the opportunity that this border market has, so they will be evaluating the opportunity to generate speculative options in the face of increased demand where rental prices have been on the rise since October 2021 and currently at the end of January 2022 they stand at $3.6 dollars per square meter per month.

The panorama in the growth of manufacturing demand will continue to set the standard in 2022 where various companies underpin nearshoring and reshoring that favor the relocation of production processes in the entity.

Currently, 120,000 square meters are being built in Reynosa, of which 20% is available at an average starting price of $4.35 dollars per square meter per month.

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If we include the available spaces between existing and under construction, availability reaches 134 thousand square meters with areas ranging from 1,200 to 15,000 square meters located mainly on the Puente Pharr and Norte submarktes, the latter being the one with the highest availability in the market.

The Secretary of Economic Development of Tamaulipas, confirmed at the end of November that he had 25 confirmed investment projects that add up to almost 3 billion dollars and aim to generate more than 20,000 direct and indirect jobs.

The leasing activity, which has been growing in the last year, will promote the construction of speculative projects, types of real estate that had been reduced due to a demand that did not stand out and an offer that was sufficient to satisfy the market.