If we analyze the figure for gross industrial demand accumulated during the first three quarters of 2023, Monterrey is ahead with more than one million square meters, 25% more than that registered by Mexico City.

Although Monterrey's gross demand has been adjusting its growth if we compare it with what was recorded in the same period of 2022, we continue to face a scenario of rising rental prices and vacancy that, although it has managed to recover slightly, still remains at levels of 1.2 % at the end of Q3 2023.

Check here: Five industrial markets concentrate 75% of gross demand at the national level

Demand during the third quarter of the year has been distributed in the main industrial corridors, although Apodaca dominates with 47% followed by Ciénega de Flores, Salinas Victoria and Santa Catarina with 24%, 14% and 10%, respectively.

Regarding investments, the government of Nuevo León indicated that the entity captured 2,795 million dollars of Foreign Direct Investment during the first half of the year. The government's new projections aim to culminate in 2023 with a cumulative investment of 37 billion dollars, which, although executed progressively, creates decisive pressure on the industrial supply that is under development.

Of this projected investment figure announced, about a third would be associated with electromobility, which is why the government in the entity is considering concrete actions such as the creation of an exclusive lane for Tesla, BMW and Daimler at the Colombia-Laredo Customs to respond to the need to transfer the original equipment manufacturers or OEMs, allowing the assembly companies to streamline operations. 

For example, in the automotive sector, the Sungwoo Hitech company plans to invest 300 million dollars to expand its plant in the entity, focusing on generating technology for hydrogen-based vehicles.

Other relevant investments of the period have impacted diverse sectors such as metalworking, logistics and construction, to name a few. The Ternium steel company in Pesquería announced in mid-June the investment of 3.2 billion dollars.

In the logistics sector, the Danish firm DSV will build its fourth plant in Mexico of 11 thousand square meters, which it plans to complete in 2024.

Of interest: What is currently being built in the Bajío industrial market?

In the construction sector, the consortium made up of the companies Mota-Engil México and CRRC Nanjing/ Pushen, of Portuguese and Chinese origin, confirmed in mid-August that they will invest close to 3 billion pesos in the state of Nuevo León. The Mexican company Frisa will also invest 200 million dollars to increase its production processes in its plants located in García and Santa Catarina with the aim of developing special steel products.

The mobilization of developers to generate an industrial supply that allows them to supply demand leads them to the figure of one million 650 thousand square meters of projects that are advancing in the most developed institutional market in the north of Mexico, although it does not seem to be enough for the 2024 projections..

Of the almost 90 industrial buildings currently being built, only about a third is available and the highest concentration of warehouses is in the sizes of 10 to 20 thousand square meters, with rental prices ranging from an average of $6.3 up to a maximum of $7.5 dollars per square meter monthly.