Mexicali reports a 12% annual increase in the rental price of industrial buildings
Solili | September 04, 2024 |

The industrial market in Mexicali has established itself as one of the most important in the country's border areas. During the first six months of 2024, accumulated demand reached 75 thousand square meters.

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One of the main advantages of this border market is its proximity to Tijuana, one of the most prominent industrial markets in Mexico, as well as its proximity to the United States, sharing a direct border.

At the end of June, the vacancy rate in Mexicali stood at 4%, which is equivalent to 154 thousand square meters available for rent, with an average price of $6.58 dollars per square meter.

Industrial property rental prices in Mexicali have registered a 12% increase compared to June 2023, when the price was $5.90 per square meter.

See here: Industrial demand in Monterrey reports 140 thousand m² during July 2024

The industrial corridor with the highest rent is Boulevard Lázaro Cárdenas, which closed in June with a price of $6.79 dollars per square meter.

This increase in rental prices in the Mexicali industrial market is justified by the growing interest of investors in the border city, as well as by commercial synergies with the Tijuana market, which has some of the highest rental prices in the country.

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