The industrial market of the Monterrey Metropolitan Area ended the second quarter of 2021 with a rebound in gross demand, where 32 transactions were completed to give a total of 313.7 thousand square meters, doubling the amount of demand to that reported in the previous quarter and being 167% higher compared to the same period of 2020.

The Apodaca and Santa Catarina submarkets were the ones that concentrated most of the demand with 39% and 30%, respectively, of the closings, the latter being the one that reported the most important transaction of the quarter with the signing of a project made to the measure of almost 93 thousand square meters.

During the period, industrial demand was strongly driven by BTS projects, which represent 53% of the gross absorption for the quarter. Most of the leased space was in industrial buildings classified as class A, concentrating 85% of the gross demand.

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The turn of the companies that were installed in the market during the quarter are mainly companies in the manufacturing, automotive, storage and logistics, electronic commerce and the food industry sectors.

The vast majority of these investments come from countries such as the United States, Korea and Germany, as well as national capitals that continue their bet in this booming market.

According to the amount of demand reported by each market, Monterrey stands out for being in the first place with the highest volumes, displacing Mexico City from the first place.

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For the remainder of 2021, a constant expansion of the Monterrey industrial market is expected due to the increase in Foreign Direct Investment (FDI) that is registered in Nuevo León, a state that has led the arrival of FDI during the pandemic year.