At the end of October 2024, the Monterrey industrial market stood out by registering more than 215 thousand square meters in construction starts, placing it in first place nationally and concentrating 50% of the square meters started throughout the country during that time. month.

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In October 2024, the Ciénega de Flores submarket stood out by concentrating 60% of the total construction starts in Monterrey, with more than 129 thousand square meters in new constructions.

Custom projects played a key role in the square footage volume started during the month. The total figure was driven by the start of the first phase of the Volvo project in Ciénega de Flores, along with another notable project of 35 thousand square meters destined for Amazon, also located in the same submarket.

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In October 2024, only about 10% of the square meters started under construction correspond to speculative buildings. Although this percentage may seem low, it represents more than 20 thousand square meters destined for future investments.

This figure is expected to continue increasing towards the end of the quarter, as several developers plan to start new speculative projects before the end of the year. These projects will be developed in various market submarkets, thus increasing Monterrey's industrial offer.