The Saltillo industrial market ends 2023 with the highest volume of industrial constructions that has been recorded in the last 6 years.

At the end of December 2023, it managed to exceed 583 thousand square meters of industrial warehouses that are advancing, which allows it to be in third position nationally, below the two most important industrial markets in Mexico such as Monterrey and the country's capital. .

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About three quarters of the constructions in progress are located on the Ramos Arizpe submarket. During Q4 2023, construction began on a dozen industrial projects totaling 160 thousand square meters of industrial warehouses, making this the busiest quarter of the year.

The developers also accelerated the progress of the projects that were close to completion and delivered nearly 75 thousand square meters that have already become part of the new supply, while the rest of the warehouses have already entered the inventory.

However, it was during the first quarter of 2023 that the largest number of projects in development were completed. Let us remember that just at the end of the first semester, the decision of the automotive company Tesla to locate its gigafactory in the Santa Catarina submarket of Monterrey, neighboring the Ramos Arizpe submarket of the Saltillo industrial market, in Coahuila, was announced.

The Saltillo market throughout 2023 has continued to maintain a strong automotive vocation that we see reflected in the industrial demand figure. Various announcements from other manufacturers have formed an important network of suppliers that have already been working with companies such as Tesla and others focused on the issue of electromobility located within the territory of the United States.

This expertise plays in favor of markets such as Monterrey and Saltillo, which will be able to capitalize during this year, which begins part of the industrial investments announced in 2023 and which is not yet reflected in the industrial demand figures.

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Among the main developers competing in the Saltillo market we find Vymsa, Davisa, Grupo Amistad, GP Desarrollos and 360 Industrial Park, to name a few, with surfaces ranging from 2.5 to 80 thousand square meters.

Most of the projects under construction correspond to Class A ships made to measure in response to a market where demand requires particular specifications, as is the case that we see reflected in the Saltillo market.