Saltillo has managed to strengthen its industrial real estate profile during 2022 and continues to advance by maintaining its third position in terms of gross industrial demand in the northern markets of the country, surpassed by Monterrey and Tijuana.

Saltillo accumulated almost 250,000 square meters during the first six months of 2023 and reinforces its vocation to attract investments from various sectors with an outstanding participation of the automotive sector, mainly focused on electromobility.

Of the total demand that has elapsed so far in 2023, about 68% corresponds to expansions of groups located in the region or custom-made projects or BTS, which triggers the importance of a specific design for compliance with quality standards. quality demanded by tenants.

Check here: Main submarketss in the north of the country that attract industrial demand

In 2022 alone, Coahuila's Foreign Direct Investment exceeded 790 million dollars, where more than half was associated with the production of transportation equipment and close to 85% corresponded to new investments that preferred to be located in this northern market. The United States led with 63% of total investments this year, a trend that continues in the first half of 2023.

La Z Boy, the expansion of companies FOX, Hisun, LG-Magna, and the expansions of Martinrea and Fujikura together with the Leadgo and HL Klemove buildings are just some of the companies that opted to invest in the entity during 2022.

The transition towards electromobility demands competitive industrial products and the Saltillo market is preparing with an important advance in its offer that currently exceeds 510 thousand square meters, where the Ramos Arizpe submarket concentrates 80%.

However, even with this significant level of supply, once construction begins, the warehouses become on the radar of potential tenants with a clear interest in positioning themselves in this market. The competition to get hold of an industrial space leads to agreements being closed at the beginning of construction with the format of pre-leases, so these warehouses no longer increase the available spaces.

This correlation of demand and supply generates that the vacancy at the end of the second quarter of 2023 reaches 1.54%, which reflects a decrease of 1.3 percentage points in the last year.

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

Currently, if we consult the Solili platform, of the 28 warehouses that are advancing under construction, only four of them are available and the maximum area corresponds to a warehouse of 18,000 square meters on the Ramos Arizpe submarket. The rest of the availability of industrial buildings corresponds to 17 existing buildings where the maximum area is 10,000 square meters.

By the middle of the year, the entity's government has already announced 44 investment projects, among various lines of business such as transmissions for electric vehicles, refrigeration systems, air conditioning equipment, household appliances and furniture, so a second semester could be expected. Very active when it comes to closing deals.