During the first three quarters of 2023, the industrial markets in the north of the country accounted for 57% of the industrial demand at the national level, which totals 2 million 400 thousand square meters. Of this total, only the Monterrey market takes 43% of the share in the 8 industrial markets that Solili monitors in the north of the country.

There are multiple advantages that Monterrey exhibits to be the most dynamic industrial market in Mexico, displacing the country's capital, both in demand indicators and construction. 

The availability of qualified labor, the composition of supply chains and stable suppliers in various industries and connectivity with the United States are key when selecting this market among many others.

See also: Mexicali accounts for 23% of Baja California's industrial demand during 2023

Another external condition that has boosted the possibilities in Monterrey is the site selection by Tesla, which has been an aggregator of investments from suppliers in electromobility, who will not only supply the production market in Mexico once the plant starts, but will also They provide the possibility of supplying automotive plants that operate within the United States market.

With this focus, the entity's authorities have completed a successful tour of Asia that has allowed them to confirm 10 billion dollars of Foreign Direct Investment. These actions have encouraged Monterrey to capitalize on the arrival of new investments in Mexico.

Of this amount, the main confirmed investments correspond to the construction company Lingong Machinery Group for 5 billion dollars, and two other Chinese high-tech companies such as Ningbo Toupu Group and JLMAG, which will invest 700 and 500 million dollars, respectively.

Other amounts that were also confirmed are the investments of Hesai Technology for 260 million dollars, Intretech for 210 million dollars, the Japanese firm Kawasaki for 200 million dollars and OPPLE, a research and development company for lighting that will invest 140 million dollars in the entity.

Of interest: Accumulated industrial demand in Guadalajara as of Q3 2023 grows 11% compared to 2022

Submarkets such as Salinas Victoria would be among the most favored but face an important challenge in urban matters to create a harmonious development in infrastructure services, housing and complementary equipment to be able to meet the upcoming demand.

Currently, the biggest challenge that Monterrey faces is being able to generate the necessary industrial supply to satisfy the demand that would be generated from 2024, knowing that we are currently facing an average vacancy at the end of October 2023 of 1.1%, which is equivalent to 182 thousand square meters.

However, the developers' analysis must focus on submarkets, such as the critical case in Apodaca, which has a vacancy of 0.8%, while Salinas Victoria does not have availability.