At the end of November 2023, ongoing industrial construction has already exceeded 5.6 billion square meters (m2), advancing at an accelerated pace with the completion of 316,000 m2 of industrial works in this last month alone.

Monterrey leads with almost one million 695 thousand m2, significantly surpassing Mexico City, which occupies second place with 763 thousand m2; 3 submarkets in Monterrey, specifically Apodaca, Salinas Victoria y Santa Catarina, concentrate 61% of the areas under construction at the end of the third quarter of the year, according to an analysis by Solili.

Check here: Northern region of the country leads industrial demand towards the end of 2023

 In the country 's capital, 52% of the works in progress during the third quarter are in the Cuautitlán, Tultitlán and Tepotzotlán (CTT) submarkets. Saltillo, Tijuana and Ciudad Juárez, on the northern border, report progress of 548, 435 and 412 thousand m2 in industrial warehouses at the end of November.

Because the northern entities continue to be the places where demand is concentrated, real estate developers compete to offer available spaces with some degree of progress.

The constructions in the Saltillo market are headed by Ramos Arizpe, while the construction activity in Tijuana is distributed between the Pacific-Nordika, Insurgentes-El Águila and El Florido - Boulevard 2000 submarkets.

In Bajío, Querétaro leads with more than 500 thousand m2 under construction, followed by Guanajuato with 357 thousand. San Luis Potosí also maintains strong construction activity with 205 thousand m2, highlighting the demand in the automotive sector.

Of interest: Learn about the brokers who have taken advantage in Saltillo, strengthening their industrial profile

Currently, areas under industrial construction nationwide represent approximately 6% of the total inventory, but in cases such as Monterrey and Saltillo, this percentage amounts to 11% of the inventories of these markets.

By 2024, new projects will face the challenge of efficiently supplying basic infrastructure services, such as water and electricity, so that the country's main industrial markets reach their development potential and satisfy demand, avoiding a more pronounced decline in demand. industrial vacancy, it was concluded.

At Solili you can consult industrial warehouses available in Monterrey and Ciudad de México

Original note