Mexicali is consolidated as a solid, institutional and mature market in northwestern Mexico
Solili | March 16, 2022 |

Mexicali already reaches almost 3 million square meters by the end of 2021 with a 110% increase in its gross industrial demand, managing to accumulate 281 square meters at the end of the year.

When we focus on gross demand, the results are also positive, reaching a maximum point in the third quarter of the year with 85 thousand square meters, in the midst of a market with the lowest historical vacancy with 1.5% at the end of January 2022.

The Airport-Garita 2 and Carretera Mexicali-San Luis Río Colorado submarkets still register lower vacancy rates with 0.4% and 1.2%, respectively, according to Solili measurements on its platform.

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Currently, the available spaces range from 500 square meters to 15,000 square meters, but they are not enough to meet the demand that is projected for this first quarter of the year, where buildings are advancing by almost 260,000 square meters.

Most of these areas are built under the tailor-made project scheme and only 11% of these industrial buildings would be speculative.

During the last quarter of the year, gross absorption in Mexicali was driven by logistics companies, medical services, the food and beverage industry and the glass industry, of speculative buildings in its entirety with areas between 1.8 to 8.3 thousand square meter.

The intense industrial demand that the border cities registered during 2021 has been the result of multiple production relocation processes as a consequence of the fact that some inputs were delayed in the supply chains and were brought to Mexico, because it has its closest market, which is the United States.

At the beginning of 2022, there are already investment projects at the door, according to the president of Index Mexicali, Joaquín Jiménez, indicating that even one has already started, which is the Walmart Distribution Center, in addition to a company dedicated to the manufacture of ceramics.

Of interest: Industrial production in Mexico grows 4.3% in January 2022

These new investments along with other additional ones would be detonated during the first two quarters of the year after a 2021 dominated by expansions.

In Mexicali, the food, aerospace, automotive, medical device and electronic industries find in the entity the ability to manage local supply chains with which they can boost production logistics without having to look for options outside the region.

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