The industrial market in Chihuahua, close to the end of 2023, has reached its maximum level in terms of industrial construction with 132 thousand square meters of projects that are still in various degrees of progress. At the end of the third quarter of the year, the East corridor leads with 55% of industrial constructions, followed by the North and South submarkets, which account for the remaining 32% and 13%.

All this progress in new buildings occurs in an environment of high construction costs that generates a significant number of modern Class A industrial warehouses that are incorporated into the inventory and that begin to transform the profile of existing constructions more concentrated in Class B projects that correspond to smaller formats.

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These new constructions upon joining the market will impact an increase in the average rental prices of the industrial market of Chihuahua, which at the end of November reached $5.46 dollars per square meter per month.

As a reference, the average rental price remained relatively stable for many months between the beginning of 2021, when it began to be monitored by the Solili platform until mid-2022, when the slope of increases that continues to the current date began.

The fact that these new constructions are absorbed by existing demand means that vacancy remains at 0.7%, its lowest level in recent years.

Also coming into play is the fact that about half of the areas under construction are advancing under the speculative modality, allowing developers to achieve their initial profitability objectives in the midst of a highly demanded market. However, if we analyze the number of projects, the advantage of speculative constructions dominates with respect to custom-made projects.

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The economic transformation of the entity that impacts the industrial markets of Ciudad Juárez and Chihuahua is led by its authorities and aims to create greater added value in activities in sectors such as electromobility, aerospace, semiconductors, logistics, mining, bioeconomy and economics. low carbon, which allows it to differentiate itself from its main competitors.

This 2023, which will soon end, has allowed the entity to be the main export platform in the country and maintain the first national place in job creation in the Manufacturing, Maquiladora and Export Services Industry, according to the Secretary of Innovation and Economic Development in the framework of the forum organized by the North American Development Bank, in the middle of the year.