At the end of May 2024, industrial leasing activity nationwide continued to expand, reporting 397 thousand square meters, driven by the arrival of new investments that have led to the growth of industrial activity, which promotes the economic growth and job creation in various regions of the country.

In the period of April-May 2024, gross industrial demand in Mexico reached more than 918 thousand square meters, a figure that represents a slight increase of 5% compared to the demand reported in the same period of 2023.

During the April-May two-month period, the markets with the highest leasing activity in the industrial segment were Monterrey, Mexico City and Saltillo. Where Monterrey leads with 176 thousand square meters occupied, closely followed by Mexico City with 172 thousand square meters, and Saltillo with 123 thousand square meters.

The demand for industrial buildings in Mexico continues to be led by the northern region of the country, which currently accounts for 50% of the space requested by companies during the months of April and May 2024. This predominance reflects the strong productive and logistical activity in the north , driven by its strategic location and the continued economic expansion of the area.

The Guadalajara industrial market has shown notable performance in terms of industrial occupation, reaching nearly 100 thousand square meters during the period from April to May. Likewise, the industrial region of Bajío accounted for one fifth of the total registered demand.

Move out activity showed an uptick during the months of April and May, ending with a figure of 300 thousand square meters of industrial space released by companies, which represents a third of the amount occupied in the same two months. The markets that reported the highest move out figures were Mexico City, with 124 thousand square meters, followed by Monterrey, with 75 thousand square meters.

The construction starts during the period from April to May recorded a figure of 945 thousand square meters where the industrial market of Monterrey stands out with nearly 400 thousand square meters of construction starts, which represents 40% of the new projects, followed by the capital of the country, with 175 thousand square meters of new works.

The country's industrial markets continue to expand, boosted by private sector investments that favor the development of new projects that continue to be incorporated into the national industrial inventory.

During the period from April to May, more than one million square meters completed construction, strong evidence that the country's industrial market continues to expand.

Rental prices nationwide continue to rise and Mexico City once again stands as the market with the highest rental prices in the country with $8.69 dollars per square meter, while Tijuana occupies second position with $8.15 dollars per square meter.

On the other hand, the markets that report the most competitive prices continue to be located in the Bajío region, with Guanajuato being the lowest with $4.80 dollars per square meter, followed by San Luis Potosí, with a rental price of $5.27 dollars per square meter. .

The expansion of both national and international companies has been a key factor for the growth of the national industry, consolidating the industrial real estate market as a fundamental pillar for the logistics and production infrastructure of Mexico.

The combination of strong demand, the start of new projects and the increase in rental prices underlines the robustness and continuous evolution of the industrial sector in Mexico, consolidating the industrial market as a crucial component for the country's economic activity.