The Monterrey industrial market will establish itself in 2023 as the most important in the country not only due to the growth of its inventory of more than 9%, much higher than the national average of 6.7%, but it also manages to report the highest gross demand, registering a million 373 thousand square meters of industrial warehouses.

At the beginning of March, when the automotive company Tesla, focused on the electromobility segment, announced the definitive location of its next project in Santa Catarina belonging to the Monterrey market, there was already a strong growth of various industries to settle in the region, dominating the turns of electromobility, artificial intelligence and cybersecurity.

Of interest: Solili Industrial Report 4Q 2023, national demand in 2023 contracted 20% compared to 2022

Global firms that already operated in Monterrey opted to expand their warehouses and expanded operations during 2023 while new investments arrived for the first time in this entity, in similar quantities of projects according to the figures issued by the Government of Nuevo León, at the end of October 2023.

Monterrey continues to lead the country's capital as the markets that exhibit the greatest competitive advantages with availability of qualified human capital, extensive communication infrastructure by land, air and port that allow the operation of the network of industrial parks that are developed here. 

Gross demand throughout 2023 focused on warehouses that ranged from 1,000 to 47,000 square meters, although buildings above 10,000 square meters total more than three-quarters of the demand areas in the period, representing half of the number. of rental closures reported between January and December 2023.

The largest leased area in 2023 corresponds to an air conditioning company located in the Santa Catarina submarket.

Santa Catarina, Ciénega de Flores and Escobedo are the industrial submarkets where most of the demand was concentrated with 17%, 13 and 12%, respectively, of the accumulated total.

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The accumulated demand in the Monterrey market during 2023 was concentrated by approximately 60% in speculative operations, giving important mobility to developers to negotiate during the construction phases and managing to close pre-leases that gave them advantages in negotiating with suppliers. potential tenants.

In the remaining 40% we find custom-made projects and expansions of various firms that were already established in this market and projected their growth in both facilities and production for new markets, including those located in American territory.

The new year that has just begun will be full of opportunities for an industrial market that has demonstrated its resilience and adaptability in the face of commercial opportunities that are undoubtedly considering it among their main options.