In recent years, Puebla has had periods of paralysis in the industrial real estate sector, as evidenced by the low inventory growth of 3.3% during the last two years, a period that coincides with the pandemic.

However, in 2021 we have seen a recovery in demand where the main class A and B spaces were occupied, giving developers the opportunity to start the construction of new speculative spaces.

By the end of 4Q 2021, gross demand totaled almost 30 thousand square meters, highlighting the 100% occupancy in a park owned by the developer Vesta.

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During the last quarter of 2021, there were no vacancies or new projects that will start construction, on the other hand, a little more than 17 thousand square meters of a speculative building of the developer Finsa located in the Finsa Puebla industrial park were added to the inventory, of which almost a third are employed.

Currently this market has 2.1% vacancy as of December 2021, with its lowest level of 1.3% in the Mexico-Puebla highway submarket, while most of the available warehouses are located on the Puebla-Tlaxcala submarket.

Given the low supply of speculative spaces, it is expected that in the coming months developers will take the initiative to increase construction in this entity that groups more than 20 industrial parks.

On the other hand, the State government also supports the formation of clusters, as part of an industrial policy based on the promotion, collaboration and integration of economic agents.

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At the end of October, the entity's Ministry of Economy reported that, between January and August 2021, there was an 18.8% increase in the production value of the manufacturing industry compared to the same period in 2020, where Puebla manages to exceed 306 billion pesos, according to records from the National Institute of Statistics and Geography (INEGI).

The automotive assemblers and their supply chain together with the food, plastic and rubber industries, and the manufacture of metal products will be key elements in the industrial demand that is envisioned in 2022.

The entity has the availability of land and the necessary infrastructure so that developers can maintain a healthy balance with supply to meet the demand of global manufacturing and logistics companies.