At the end of the first quarter of the year, the gross demand of the country's capital exceeded 261,000 square meters, a figure similar to that registered in the same period of 2022. However, the number of spaces that were rented did decrease by almost 30 % for which the traded surfaces increase in size.

Another trend that remains between what was reported in the first quarter of the year between 2023 and 2022 is the participation of speculative demand, which is concentrated around 85% between the submarkets that make up the CTT (Cuautitlán, Tepotzotlán and Tultitlán) and Toluca.

Check here: Factors that will continue to push up the rental prices of industrial buildings

The indicators that do show significant variation are average rental prices and vacancy. At the end of the first quarter of 2023, while vacancy registered a decrease of 1.2 percentage points, the average rental price increased by 60 base points, taking this indicator at the end of 1Q 2023 to $6.7 dollars per square meter per month.

Let's remember that Mexico City continues to be the national market with the largest amount of inventory, although the outstanding growth of Monterrey in recent years is closing the gap that existed between them. On the other hand, the capital of the country continues to be the market with the largest number of vacant spaces in absolute terms, counting at the end of the first quarter of 2023 with more than 310,000 square meters.

If a tenant evaluates locating in Mexico City by consulting the Solili platform and looking for an existing Class A or B warehouse, they will have more than 40 options between 600 and 31 thousand square meters. In case you want to locate a warehouse under construction, you will be able to find the direct contacts of developers or marketers of 16 warehouses whose surfaces range from 4,000 to 43,000 square meters.

In Mexico City, as in Monterrey, the main institutional developers seek to differentiate themselves with a range of competitive real estate products that offer the possibility of modular developments that are ideal for logistics or light manufacturing activities.

Of interest: Ramos Arizpe is the submarket that projects the greatest growth in Saltillo

The industrial markets that are developed in the most populated Mexican cities not only establish production processes that are committed to medium and long-term income, but also warehouses that will house logistics processes for specific periods and that may require more or less surfaces than originally are hired, so flexibility is the key element to meet demand.

The most experienced developers go one step further exploring both the more traditional corridors such as Toluca and those that make up the CTT (Cuautitlán, Tepotzotlán y Tultitlán) y Toluca (Cuautitlán, Tepotzotlán and Tultitlán) looking for spaces with industrial potential while exploring new land further away from the cities and where there are coordinated plans for the future growth of the urban sprawl.