The vacancy rate in the Aguascalientes industrial market has shown a significant decline since the last year and a half, since April 2023 it showed a decrease of 3.4 percentage points, placing it at 0.33% at the end of the 4Q of 2024.

Of Interest: Solili Industrial Report 4Q 2024: Annual demand of 6.2 million marks a record, 7% more than 2023

This decline was mainly driven by the occupation of industrial spaces and the constant construction of projects that enter the market pre-leased, causing the industrial supply to drop and positioning Aguascalientes as the market with the lowest vacancy nationwide.

Construction is another factor that directly affects vacancy, since there are currently 204 thousand square meters under construction, of which only 27% are available.

The Aguascalientes Sur submarket is the one that monopolizes all the availability of the market, supported by the constant construction of spaces by developers such as Vesta and Finsa.

Check here: Industrial leasing in Querétaro reaches half a million m² during 2024

The Aguascalientes market needs greater investment in industrial infrastructure by developers to create a greater supply. Investment in new speculative projects has maintained a conservative behavior, which has not allowed a recovery of the vacancy indicator.