At the end of 2021, Saltillo is in fifth place in terms of industrial demand with a gross absorption that exceeded 467 thousand square meters.

This market has continued to perform well in the demand for industrial spaces, repeating the figure registered in the third quarter of the year, but reflecting a contraction with respect to the quantities demanded in the first half of 2021.

Gross demand as of 4Q 2021 of almost 73 thousand square meters was concentrated in a dozen operations and was driven by companies in the logistics and manufacturing sector, including Orsan, Vitti Logistics, CJ Tools and Go Global.

Many of these companies, which are well aware of this market and its advantages, opted to expand their operations in the entity. The brokers Ramos Arizpe y Arteaga mainly concentrated on these requests.

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The developers of the Saltillo market continue to have a preference for a combination of speculative buildings and custom-made buildings, which manage to be occupied very quickly, which has affected the decrease in vacancy levels from 5.9% at the beginning of 2021 to 3.8% as of December 2021, that is, just over two percentage points.

For its part, net demand has reached a historical record for this market, mainly in the last three quarters of the year.

At the same time, not only manufacturing has driven this growth since the logistics demand has also been the architect of the increase. During 4Q 2021, companies such as Vitti Logistics seeking to expand their operations demanded just over 20,000 square meters on the Arteaga corridor.

Ramos Arizpe continues to lead, concentrating close to 63% of the industrial demand with more than 46 thousand square meters occupied by logistics and manufacturing companies.

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Works were also completed during the last quarter of the year, where almost 84 thousand square meters increased the inventory, with almost three quarters of custom-made projects located again on the most active corridors, Ramos Arizpe and Arteaga.

But even with these new additions, the entity reflects a lower supply than it had in periods prior to the pandemic and although it continues to be varied in size and prices, with areas between 1.2 and 18.5 thousand square meters, it could be insufficient given the levels of demand. coming up for the first half of the year.

If growth projections are projected equal to or greater than those seen in the first half of 2021, we can see an encouraging development for those developers who are already fine-tuning their efforts towards new construction.