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With figures from the Solili real estate platform, at the end of October 2023, the Puebla market reported the lowest vacancy rate nationwide, closing the month at 0.4%, which in absolute terms is 8.8 thousand vacant square meters.
They are followed by the markets of Chihuahua and Ciudad de México Chihuahua and Mexico City with vacancy rates that stand at 0.7% and 0.8% respectively. Although most markets nationwide are already beginning to show signs of recovery in terms of vacancies, these three markets are the only ones nationwide that remain below 1%.
Check here: Tijuana occupies first place in industrial demand nationwide in October 2023
At the opposite extreme, with the largest vacant industrial areas are Mexicali y Guanajuato with vacancy rates of 5.7% and 4.1%, respectively. One of the factors that influence these markets to have percentages higher than the national average is due to the incorporation of speculative spaces that have entered vacancies in these markets as well as the vacancy of properties by tenants in the industrial sector.
Monterrey exhibits notable stability in its vacancy rate, ending the month with 1.1%. This percentage, which has maintained consistency over the last 10 months, oscillating within similar values, reflects a market that, although projects continue to expand, also has uninterrupted demand.
In the northern markets, specifically in Saltillo, Tijuana, Tecate and Reynosa, vacancy rates oscillate within a narrow range, standing between 1.2% and 1.5%. Likewise, in the Bajío region, cities such as Aguascalientes and San Luis Potosí also report comparable vacancy rate
Of interest: CDMX maintains the pace of industrial investments, reporting 536 thousand m² under construction
Among the markets that have shown a recovery in terms of their vacancy rates are Guadalajara, a market that reports a rate of 2.2% in the tenth month of 2023, followed by the markets of Ciudad Juárez and Querétaro whose vacancy rates close at 2.7 %.
The decrease in the availability of spaces represents a challenge to maintain the attractiveness of investment in the segment, both for national and international companies, especially after coming from a period when vacant spaces reached historic lows, the emergence of new speculative projects has contributed to the recovery of some markets.
The capacity for adaptation and innovation in the development of speculative projects not only continues to counteract the decline, but also generates positive expectations, which will allow the sector to regain its dynamism and position itself in a more favorable scenario for short-term investment and long term.