The Mexican industrial real estate sector is best positioned to take advantage of the force that the so-called nearshoring is taking, after the reconfiguration of the supply chains, considered the manager of Stock Market Analysis at Monex, Roberto Solano.

Through an analysis, he explains that the demand for industrial spaces will lead to annual growth rates in the northern (4.2%), Bajío (3.5) and central (2.7%) regions.

Consult here: Nuevo León will require more industrial supply in 2023

The foregoing, given that, in the last decade, the Gross Leasable Area of this real estate division has presented a compound annual growth rate of 10.2%, a figure that also includes a favorable absorption in the northern, Bajío and central regions.

Roberto Solano anticipated better levels of demand and occupation in the parks and industrial buildings because the productive activities are geographically distributed in manufacturing in the north of the Mexican Republic; logistics in the center.

While the main industrial centers are Tijuana, Juárez, Monterrey, San Luis Potosí, Querétaro, Puebla, Aguascalientes, Guanajuato, Guadalajara and the Valley of Mexico.

“Specifically, nearshoring in Mexico considers the FTA 2.0 signed in 2018 between the United States and Canada (an update of the previous trilateral agreement), the most competitive workforce in Mexico against China and other competitors, as well as the attractive global environment, of online commerce”, pointed out the specialist.

Of interest: 63% of industrial spaces in demand in Monterrey correspond to BTS

Other aspects that have also driven this phenomenon, according to Solano, are the amount of natural resources; the relative change in the trade balance; the “relatively” cheaper cost of energy compared to other countries; the abundant labor force; trade blocs with developed countries; among others.

Given this, the rental price will also be adjusted upwards, with "current levels in the northern region, Bajío and center presenting an increase of 23.9, 22.5 and 19.5%, respectively the last 5 years, and for the following years we expect a slower rate of growth given the high levels of inflation,” said Solano.

In Solili you can consult industrial warehouses available in Saltillo and Mexicali

Original note