The industrial markets in the north of the country continue to show significant dynamism, concentrating almost 60% of the demand that accumulated in the second quarter of the year.

Monterrey displays its strengths and registers 390,000 square meters with an important advantage of more than 40% over the closest competitor, Mexico City.

Apodaca continues to be the submarket with the highest activity, registering half of the new supply and just over 40% of the new constructions that began this quarter.

Consult here: Solili Industrial Report 2Q 2023, vacancy and exchange rate increase prices by 15% per year

Tijuana and Saltillo follow Monterrey by reporting a gross demand of 222 and 157 thousand square meters at the end of 2Q 2023. The case of Tijuana far exceeds the demand registered in 2Q 2022, which contains half a dozen surfaces that exceed 20 thousand square meters . The Pacifico-Nordika and Florido-Boulevard 2000 submarkets accumulate 80% of the industrial demand in the first half of 2023.

Saltillo continues to receive the presence of companies from the automotive industry, some of them with precise bets on electromobility and where the largest area registered this quarter is 45,000 square meters located on the Arteaga submarket. However, it is the Ramos Arizpe broker that continues to lead the preference of tenants, grouping more than 70% of the industrial demand for the semester.

Ciudad Juárez y Mexicali, each have around 70,000 square meters of gross industrial demand. In Ciudad Juárez, the southeast, south and southwest submarkets show similar demand figures, generating a fairly homogeneous distribution in their territory at the end of 2Q 2023.

Mexicali has been sustaining an important rhythm of demand that brings together 76 thousand square meters so far this year, although this last quarter registered a very conservative figure. The Mexicali-San Luis Río Colorado highway submarket focuses on preferences.

Finally, Reynosa, Tecate and Chihuahua registered absorptions for 37, 21 and 20 thousand square meters of gross demand at the end of the second quarter. Reynosa, which reports the most competitive industrial rental prices in the border area, concentrates all of the demand for 2Q 2023 in the Pharr Airport-Puente submarket, which combines the greatest advantages of location and connectivity in this market.

Of interest: What are the main sectors that drive industrial demand in Monterrey?

Tecate, like Rosarito, are the markets for the growth of unsatisfied demand in Tijuana and where the half percentage point of vacancy would be one of the triggers to increase construction in the remainder of the year. The Tecate and Tecate-Tijuana submarkets are where all the demand was located in this period.

Chihuahua, which has been advancing with a constant industrial demand, has already registered the start-up of a new industrial park where an investment of 142 million dollars is estimated, announced in April 2023 and which seeks to satisfy the requirements of industrial spaces that converge there. The northern submarket concentrates all the demand for the quarter that has just ended.