According to the results shown by Solili at the end of 2021, the markets where the greatest amount of industrial demand was registered were  Monterrey, Ciudad de México, Tijuana, Ciudad Juárez and Saltillo. 

It is on these same markets that various development projects are advancing, joined by Guadalajara and Querétaro, where a strong industrial activity is concentrated, which generates strong competition from developers.

Tijuana and Mexico City are the two entities where the highest average price is registered at the national level, both with $6.03 dollars per square meter per month at the end of February.

Now, that price turns out to be the average of the transactions that are generated in a certain period on that entity, so there will be corridors or certain areas that can register even higher or lower prices.

For example, in Mexico City the lowest average price is found in Ixtapaluca and Huehuetoca with $3.92 and $3.95 dollars per square meter per month, while the maximum reaches $9.01 dollars per square meter per month in Vallejo.

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Another example could be a company that was interested in settling in the lowlands, where it would have the highest unit prices in San Luis Potosí and Guanajuato with $4.11 and $4.09 dollars per square meter per month, respectively. Querétaro would be very close with $3.95 and the lowest average price would be in Aguascalientes with $3.86 dollars per monthly square meter, all of them referring to February 2022.

Within the border cities, Reynosa becomes the most competitive in terms of average rental price, followed by Ciudad Juárez, with $3.62 and $4.21 dollars per square meter per month, respectively. Mexicali offers a slightly higher average rent of $4.72 per square meter per month, but much better than Tijuana, where the almost zero vacancy rate has pushed prices up 21.7% in the last year.

Puebla and Querétaro with monthly rental prices of $4.11 and $3.95 dollars per square meter are another example of competitive prices when compared to the country's capital.

Guadalajara is another interesting market whose rental price has risen significantly and so far in 2022 alone it has grown by 3.8%, closing in February 2022 with $5.07 dollars per square meter per month.

Of interest: Industrial rental prices in CDMX pressured upwards by high demand and low levels of supply

Another factor that affects the rise in the rental price in Guadalajara is that the transactions of the period correspond to Class A warehouses that offer an excellent price-value ratio as they are buildings designed under high-tech specifications and management of environmental policies.

However, when a company decides to set up or expand in an area, it takes into account various factors, including the price, and mainly the price-value ratio, of a property that meets its needs and that legally allows it to carry out its activities.

At this time that we are facing an escalation of prices derived from the high inflation rates that mark the main economies of the world, Mexico is no stranger to it, so the comparative search of existing options and the evaluation of the developer or owner are elements essential to make the decision to lease in the short or long term.