What to expect from the industrial market in Mexico by 2022?
Solili | December 14, 2021 |

With one month to go until the end of 2021, the performance figures of the industrial sector point to exceeding 80 million square meters of warehouses throughout Mexican territory, in the 15 cities that Solili monitors.

The great challenges that were generated throughout 2021 with the pandemic and the transformations that were created in consumer habits have been of great benefit to this sector, which has not only strengthened in terms of the amount of demand, but has also enhanced the inventory in the main Mexican cities.

The accumulated demand from January to November 2021 already exceeds 5.7 million square meters nationwide, where 58% are accumulated by the cities in the north of the country, 18% by the capital and 16% by the 4 markets that make up the shoal. Monterrey and Mexico City will close the year with similar demand levels.

In 2022, border cities are again expected to continue developing their potential in both manufacturing and logistics, as the appetite of developers grows due to the very low availability of this product on american land.

Nearshoring has decisively favored the increase in demand, mainly at the border, where a good part of the production processes that were previously carried out outside of Mexican territory have been relocated, this being one of the drivers that will continue to drive industrial demand in the 2022.

Manufacturing will continue to outperform in number of transactions, but the logistics sector, due to the large dimensions of the CEDIs, will maintain its important participation in the amount.

Cases like Tijuana that already indicate a vacancy of 0.65% as of November are examples of the speed of absorption that generates important alarms to accelerate construction on the border.

Check here: Monterrey, CDMX and Tijuana at the forefront of industrial real estate demand

Large developers see a growing market potential before them and with guarantee in the medium term. Cases like Prologis, which recently announced a 10% increase in its portfolio for 2026, is the prelude to competition that we will see increase in 2022.

Another vein that will have wide acceptance next year is the adaptation of industrial spaces in tune with ESG criteria, as outlined by AMPIP, which covers 360 industrial parks throughout the country and whose objective is to accelerate the evolution towards a sustainable and intelligent industrial infrastructure. .

Likewise, Foreign Direct Investment will continue to be a predominant factor that will underpin the growth of demand. The crisis that was generated in 2021 in the supply chain with the shortage of various components such as containers and chips will be significantly affecting industrial production next year.

The energy issue will also become neuralgic in the production of goods and services, as well as trends in the care and disposal of water.

Certifications and categories such as Clean Industrial Park, Green Industrial Park, Authorized Economic Operator will have a greater demand since they will provide the affiliated ships with competitive advantages and differentiation of the industrial infrastructure.

Of interest: Chinese automotive supplier in Mexico decreases due to the effect of the T-MEC

In Mexico City and the main national capitals, the competition will continue to obtain the best locations for logistics industrial spaces close to demand, where we will see multiple transformations from Class B and C centers to modern last-mile warehouses, hand in hand with the processes technological and automation systems that modernize industrial operations as we know them until now.

If Mexico takes advantage of the polarization of China and the United States by making its territory a site conducive to investment, it would have unbeatable opportunities that will make its industrial position even more robust.

The T-Mec spokespersons at their recent meeting in mid-November made it clear that although their differences on tax and immigration matters still persist, and the divergent opinions of Mexico in the fight to curb emissions that cause climate change will be elements of high impact on the harmonious development of the industrial sector during 2022.

Undoubtedly, next year we will see greater advances in investments within the legal framework of the T-Mec and in addition to this, consumption will continue to grow, driven by innovative technological developments that will further strengthen the use of electronic commerce in our country.

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