For the second consecutive year, Monterrey led industrial demand in Mexico
Solili | January 09, 2023 |

Monterrey closes the year 2022 with historical figures in the indicators that show the performance of the industrial real estate market.

It is the industrial construction where this market far exceeds its behavior of previous years by registering more than 1.4 million square meters, a figure 57% higher than what was progressing in construction at the end of 2021. Only in the last quarter of 2022 this market saw the start of more than 200,000 square meters of new industrial buildings.

Demand also reported levels much higher than those registered in previous periods. The accumulated gross demand of Monterrey in 2022 exceeded 1.8 million square meters, which represented an additional 35% compared to the accumulated in 2021.

Of interest: Unstoppable industrial demand in Mexico, reported historic levels during 2022

Monterrey with these figures from the end of 2022 managed to spin two consecutive years occupying the first position at the national level that corresponded to Mexico City in previous years.

In the last quarter of the year, the gross demand of this market was 488 thousand square meters concentrated in warehouses whose surfaces range from 2.3 to 50 thousand square meters. Half were concentrated in custom projects (BTS) and the rest corresponded to speculative projects, properties that are gaining participation in this market.

If we make an analysis of the total annual industrial demand, just over a dozen projects group 37% of the leased areas during 2022. In this category we find projects with surfaces greater than 30,000 square meters, up to the maximum surface area registered. in the year of an industrial warehouse located in the Salinas Victoria corridor of 93 thousand square meters.

For its part, net demand, which includes spaces that were vacated throughout the year, registered an increase of 42% compared to the total for 2021, closing 2022 with just over 1.3 million square meters.

Monterrey has focused the attention of both developers and investors who are aware of the long-term potential of a mature market where the commercial offer of housing, work spaces, and complementary facilities is wide and varied, allowing sustained growth into the immediate future.

Consult here: Noah Itech invests 100 million dollars in its first factory in Mexico

On the horizon of 2023, the water supply and its long-term planning is key to continue detonating the potential that the region has. According to statements made at the end of the year by the Nuevo León Ministry of Economy, the entity captured 101 Foreign Direct Investment (FDI) projects, between January and October 2022, of which 53 are new projects and 48 correspond to expansions of companies that already operate in the entity.

The investment estimated at 4 thousand 364 million dollars corresponds to global firms in the manufacturing, automotive, logistics, furniture and information technology sectors, where the United States, China and South Korea are in the first three places.

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