The three markets (Tijuana, Mexicali and Tecate) that make up the Baja California industrial real estate segment close 2022 with a 7.4% share of total gross demand nationwide, according to the Solili platform at the end of the last quarter of the year. .

Although this figure is far from the strong impulse that we saw in gross demand in 2021, the comparison of net demand indicates that this market manages to reach the demand levels registered prior to the pandemic.

The region continues to concentrate its strategic sectors in the electronics, aerospace, home appliance, and information and communication technologies industries. In recent years, sectors associated with medical products, biotechnology and medical services have underpinned the development towards a higher added value profile, mainly in Tijuana.

Consult here: Where will the industrial vacancy of the country's markets head in 2023?

These three markets that currently represent almost 14% of the national industrial inventory have reached minimum levels of their vacancies at the end of 2022. Tijuana and Tecate culminated with vacancies of 0.8% and 0.6%, while Mexicali registered 2.7%. This situation means that this region currently registers 2.4 times the amount of industrial works that advanced before the start of the pandemic.

In the case of Tijuana, speculative demand reached 84% of total transactions at the end of 2022 and currently this same trend is replicated in the projects currently being built in this market where 81% corresponds to speculative ships. The sizes of the ships in this modality range from 3.8 to 39.7 thousand square meters offered by more than eight developers who know the market widely.

If we make the query on the Solili platform in mid-January 2023, there are almost 250 thousand square meters of industrial buildings under construction available from 3.8 to 28.3 thousand square meters, where the largest number of options is located in the segment of 10 to 20 thousand meters. squares.

Of interest: Guanajuato was positioned in 2022 as the fourth national market in industrial demand

In the case of Mexicali, the construction activity of custom-made projects is favored with 64% of the amount currently being built, where a single BTS project estimates its delivery for the first quarter of 2023 and is located on the Airport- Sentry box 2. Finally, Tecate concentrates entirely on speculative constructions.

The projections for 2023 point to the fact that new constructions will continue to be incorporated during the first quarters of the year, mainly in Tijuana, which manages to reach a rental price at the end of 4Q 2022 of $7.0 dollars per monthly square meter, the highest registered nationwide.