The Tecate industrial market is positioned as the third market in Baja California, after Tijuana and Mexicali. It has an industrial inventory that at the end of Q3 2024 reports 704 thousand square meters, of which 50% is made up of class A buildings that have top-of-the-range specifications.

Of interest: New industrial developers emerge in Mexico City

Tecate has a series of competitive advantages that position it as an attractive investment destination, due to its proximity to important markets such as Tijuana and its border with the United States. 

Over the course of 2024, industrial demand has reported moderate behavior, with 5.7 thousand square meters leased throughout the year. The low demand reported by the market is a consequence of the lack of infrastructure for the establishment of new companies.

Check here: Construction start reports more than 250 thousand m² of industrial warehouses in Guadalajara during Q3 2024

Tecate's industrial offering for the close of Q3 2024 has few options for tenants looking to settle in the border market with only 7 industrial buildings available for lease. The market currently has 31.4 thousand vacant square meters, mostly class A.

Despite the low activity in industrial investments, Tecate has the capacity to continue attracting national and global companies, once greater options are developed to receive tenants.