Nuevo León and its capital Monterrey have been synonymous with comprehensive development as the second industrial city in Mexico.

According to the State Competitiveness Index 2021 (ICE 2021), which measures the capacity of states to generate, attract and retain talent, Nuevo León ranks second nationally, only below Mexico City.

The entity stands out for being the state with the highest proportion of its GDP generated in high growth sectors with 79% in this indicator.

Among the main factors that favor Monterrey for investment, its location on the border with the United States stands out, and the presence of an integral real estate development where investments in the industrial, corporate, commercial and residential sectors are complemented by a wide range of care and education, well above the national average.

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Another fundamental element to underpin the development of this important northeastern city is the commitment established by the state government to facilitate and promote private investment, which has become an attraction for local, national and foreign developers to favor this entity above others.

According to the Nuevo León government website, the entity has 6 million inhabitants, almost half of which correspond to the economically active population.

The secondary sector dominates the productive activity where manufacturing and construction maintain 47.4% and 30.4% of the entity's total GDP, respectively.

If we analyze the performance of the industrial sector at the end of October 2021, the Monterrey Metropolitan Area reports an inventory of just over 13.2 million square meters of industrial buildings, which has grown at an annual rate of 5.7% since October 2020.

The dynamism of the construction records the progress in the execution of more than 686 thousand square meters, which is by far the highest amount reached since Solili began to monitor this market since mid-2018.

As a reference, this volume of buildings is higher than the total industrial size of a city like Tecate, which has a total inventory of 612 thousand square meters.

In addition to this, so far in 2021 Monterrey has managed to exceed the demand of the country's capital, placing itself in first place with more than 981 thousand square meters, where new constructions are increasingly reaching a more competitive level in terms of size. , storage technology and adaptation to sustainability criteria, along with the industrial warehouses that are located across the border.

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In turn, vacancies also report the lowest level with 4.81% since September 2018, while rental prices have remained very stable, reaching $ 4.19 dollars per square meter per month in October 2021, between a minimum and maximum of 4 and 4.3 dollars per square meter per month, respectively, in the last three years.

The growth that the industrial market of Monterrey has had in the last year is due to the fact that it has infrastructure to establish logistics companies, activities that have increased in pandemic and due to its manufacturing vocation which in the last year has been a growth of the demand from these types of companies. This combination of factors has made this market the one that concentrates the highest demand at the national level.

Companies such as Fibra Monterrey, Grupo Garza Ponce, Prologis, Parks, CPA and Vymsa, among many others, have made Monterrey one of the favorite places to strengthen their industrial portfolios and will be the protagonists of new investments that are geared towards 2022.