During the month of October 2022, 182,000 square meters of industrial works were completed nationwide. The markets of Mexicali, Tijuana and Ciudad Juárez were the protagonists of the construction settlement during the tenth month of 2022, concentrating 83% of national production.

As a response mechanism to the strong decreases in vacancy that were generated during 2022, developers at the national level mobilized forcefully to build both ships in the format of custom-made projects or BTS as well as the so-called speculative ships.

Consult here: The escalation of industrial rental prices in Mexican markets continues

In Mexicali, almost 69,000 square meters of industrial buildings were completed and began to increase the inventory of this border market, which has registered increases in rental prices above 20% per year combined with a vacancy of 1.38% at the end of October.

The Airport-Garita 2 and Carretera Mexicali-San Luis Río Colorado corridors attracted the interest of developers and concentrated 92% of the projects that were in progress at the end of the third quarter of 2022.

For its part, Tijuana ranks third nationwide in terms of industrial inventories, surpassed only by  Mexico City and Monterrey, and added a little more than 41,000 square meters to the market inventory, although 446,000 square meters of inventory are still advancing. ships as of October 2022, which represent 5.5% of the current inventory in this market.

At the end of the third quarter of the year, 80% of the new offer that was incorporated was located on the El Florido-Boulevard 2000 corridor, the same corridor where 44% of the constructions in process are located.

The strong pressure of gross demand has caused rental prices in Tijuana to increase by 17.3% in the last year to reach $6.58 dollars per monthly square meter, the highest nationwide followed by Mexico City with $6.15 dollars per square meter. month.

Of interest: Chihuahua leads exports in Mexico and strengthens its industrial investment profile

Finally, Ciudad Juárez maintains a good construction rate in the development of its industrial projects and achieves the completion during the month of October 2022 of 41 thousand square meters, which allows it to maintain fourth place in the position of industrial inventories in the Mexican market. . On the South and Southeast corridors, 95% of the projects under construction were located at the end of 3Q 2022.

Of the 5.3 million square meters of industrial projects that are being built at the end of 3Q 2022 at the national level, a significant proportion is expected to be completed before the end of the year, since the high inflation scenario is precisely an element in favor as long as the projects adhere to the cost and deadline planning provided for them at the beginning.