Speculative projects reverse the decline in vacancy in Guadalajara
Solili | June 20, 2023 |

The Guadalajara industrial market presents a cumulative gross demand of 125,000 square meters between January and May 2023, according to a report issued by the Solili platform.

Currently, the volume of buildings that exceeds 220,000 square meters has allowed vacancy to register a turning point at the beginning of 2023, reversing the decrease that reached half a percentage point and that by May 2023 will recover up to 1.4%. .

Of Interest: How Industrial Developers Cope With Mexico's Macroeconomic Environment

During the months of April and May 2023, the start of new industrial projects has not been registered, although the settlement of 54 thousand square meters of buildings was reported, which will increase the industrial inventory of Guadalajara. The scarcity of land is one of the factors that can affect the start of new works, although the situation that we registered in markets such as Mexico City or Tijuana has not yet occurred.

This market has a dozen projects under construction that are being carried out with deliveries scheduled for 2023 and whose surfaces range from 5,000 to 37,000 square meters. Of the total under construction, about 58% are available to potential tenants at an average rental price of $6.5 dollars per monthly square meter.

The constructions that correspond mainly to speculative projects have allowed the increase of the available industrial spaces, although some of them are negotiated prior to the settlement of the project in the pre-lease modality.

The El Salto industrial corridor, although it concentrates just over a third of the industrial inventory, concentrates almost 60% of the demand and it is there where the most prominent developers in the area have an expansion reserve on their land to continue with the development of new warehouses. industrial.

The Association of Industrialists of El Salto in recent statements explained that the growth in the area is due to the difficulties faced by various corporations due to the availability of inputs, logistical problems and the challenge of keeping their operating costs stable, which leads them to relocate a large part of its supplier in Mexico and specifically in Guadalajara.

Check here: Tijuana experiences a significant gap between demand and industrial availability

The association indicated that it expects to attract investments of 500 million dollars this year, which represents an increase of 25% compared to what was registered in 2022, where the automotive, chemical, electronic and metal-mechanical sectors will be the main protagonists.

For example, in mid-June the Irish company Aptiv reported an investment of 40 million dollars in its automotive plant located in this important corridor in Guadalajara, where it intends to produce low-voltage harnesses for electric cars that work by transmitting data high speed and electricity, as announced by the governor in the entity.

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