As predicted with the previous reports of July and August 2021, the gross industrial demand at the national level exceeds the amount of 1.9 million square meters at the end of the third quarter of 2021, from the two months of the period when it already exceeded 1.1 million square meters. square meter.

According to the industrial report to September prepared by the Solili firm, the market became more dynamic with the national industrial demand, led by Monterrey, Mexico City, Saltillo, Querétaro and Ciudad Juárez; Only Monterrey exceeded 450 thousand square meters, placing it as the market with the highest demand nationwide during 3Q21, above Mexico City.

In this sense, Amazon opened centers in Sonora, Baja California, the State of Mexico and Yucatán, to reach a dozen, covering the State of Mexico, Jalisco and Nuevo León.

Regarding the inventories of industrial buildings, Monterrey, Mexico City and Tijuana reflected increases where industrial buildings culminated by 253,113 and 93 thousand square meters, respectively.

Monterrey and Mexico City also occupied significant amounts of their vacant spaces and reduced the available industrial buildings by 56 and 52 thousand square meters, closing with vacancies of 4.9 and 4.5%, respectively.

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At the national level, the markets with the lowest vacancies, below 3%, are Mexicali, Puebla, Ciudad Juárez, Guadalajara and Tijuana, although the latter reaches 0.9%, which has accelerated the increase in rental prices, with vacancy rates in all industrial markets in the country are at healthy levels.

There is the case of some markets, such as Tijuana, which manages to have a vacancy of less than 1%, which could be considered a critical level for a city that is one of the highest demanders nationwide.

If we make a general analysis of the current vacancy with which the quarter ended, most of the spaces in this city were in negotiations, so it is practically a city that does not have existing vacant spaces.

It is essential that speculative construction be reactivated to offer spaces to the demand that continues to increase.

Mexicali and Guanajuato registered annual increases of 85 and 71 cents, respectively. Tecate and Tijuana closed the quarter with 5.5 and 4.7 dollars per square meter per month, having registered annual increases of 0.56 and 0.59 dollars per square meter per month.

Construction activity closed the quarter with 3.3 million square meters that are progressing in different construction phases and which represents an increase of almost 20% compared to 3Q 2020.

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Between Mexico City and Monterrey, 35% of the industrial construction in progress is concentrated, with Monterrey being the market that stands out with an annual increase of almost 63%.

“The industrial real estate segment of the country is experiencing one of its best moments and the market indicators for 3Q 2021 show it.

Growing demand in most markets, healthy vacancy rates, stable prices, rising construction levels and a supply that, although lower than in previous periods, meets the quality standards to satisfy the demand of each of the markets ”, concluded Solili.

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Original note