Reynosa closes 2022 with real estate indicators that exceed its performance as a border market with growth in gross and net demand and with increases in its rental price. Reynosa, together with Mexicali, registered the highest annual increases of 34% and 22%, respectively, compared to 2021. As a reference base, the annual increase in the rental price of the most active market at the national level, such as Monterrey, was 20%. annual.

Reynosa closes in December 2022 with a rental price of $4.75 dollars per monthly square meter and according to the details of the closing of the last quarter of the year, it is in the Poniente submarket where we find the maximum value above average and which manages to reach $5.17 dollars. per square meter month.

Check here: Mexico City, Tijuana and Guadalajara concentrate industrial demand on speculative projects

The revitalizing effect of gross demand and the decrease in vacancy, which in just one year was adjusted downward by almost 2 percentage points, have been the key to the increases in rental prices.

The gross industrial demand in Reynosa totaled 315 thousand square meters during the year that just ended, a figure that exceeded the demand registered during all of 2021 by almost 30%.

Currently, the gross demand of Reynosa represents 4.2% of the accumulated national total, which is why it becomes a benchmark for the markets of the northern Mexican border, only surpassed by Ciudad Juárez and Tijuana, which registered annual gross demands of 473 and 392 thousand. square meters, respectively.

When we analyze the detail of the annual gross demand, we find that 60% of the closures in 2022 correspond to custom-made or BTS projects, while the remaining 40% concentrates speculative industrial buildings.

However, if we review the number of speculative options, they account for 70% of the total number of projects demanded in 2022 and it is a consequence of the sizes of this type of ships, which are much smaller than custom-made ships. While the ships demanded in 2022 that correspond to BTS range from 8.3 to 67 thousand square meters, the speculative projects that made up the annual demand range between the sizes of 3.7 to 15 thousand square meters.

Of interest: Ciudad Juárez will continue as one of the leading growing industrial markets in 2023

Another important factor that will continue to support demand growth in Reynosa is investment in infrastructure. Currently, the only operational bridge for the crossing of goods is the Pharr-Reynosa International Bridge, whose submarket of influence is the Pharr Airport-Bridge, which connects Reynosa on the Mexican side with McAllen in the United States.

The start of work on the expansion of the Anzalduas International Bridge was recently officially carried out, a work that will allow the crossing of cargo transport between Mexico and the United States by the South Texas border by 2024. The estimated investment is 83 million dollars and will strengthen the South Texas region as an area that will trigger growth and will be an economic trigger between both countries.

This new border crossing would be located in the area of influence of the North subamrket which would benefit from promoting the location of new industrial parks on this submarket.