The leasing activity reflected an important dynamism that allowed 3.6 million square meters to be registered nationwide between January and June 2022.

In this figure, Monterrey occupies the first position with a quarter of the demand for the leasing of industrial buildings, followed at a distance by Mexico City and  Guanajuato, which group 15.3% and 12% of the national total, respectively.

If we group the demand of Monterrey with the other seven markets of the northern border, the proportion of leased spaces in the semester over the national total rises to 55%, while the four entities of the Bajío manage to reach 24% of the national lease.

The strong pressure exerted by the United States and the rest of the operations that were previously located in Europe and Asia have managed to channel their efforts by choosing new more favorable locations from the point of view of cost and that allow guaranteeing the arrival of goods on time, which in turn, they make up more complex supply chains in the manufacture of finished products such as automobiles, household utensils, mass consumption products and food, among others.

Mexico has benefited from this situation and this is demonstrated by the increase of 640 thousand square meters per semester in demand compared to the first half of 2021, which indicates a growth of 21.3%. Although if we analyze the contribution by periods, the first quarter of 2022 stands out widely since the growth of leasing at the national level exceeded 42%.

Of interest: Half of the country's industrial markets with vacancy rates below 2%

At the end of the second quarter of the year, the trend of a marked participation of manufacturing over the entities of the northern border continued, while in Mexico City, Guadalajara and the Bajío they continue to tilt the balance towards the leasing of logistics spaces, motivated mainly due to the strong demands for goods and services that the population continues to maintain through electronic commerce.

At the same time, there has been a significant advance in new industrial buildings throughout the Mexican territory, where 5.2 thousand square meters go through various construction phases, and considering that an average industrial warehouse of 20 thousand square meters is built between 9 and 12 months, the majority of these options close the lease contract before the completion of the work and become occupied in inventory, so the vacancy has not been recovered, in general terms.

In other words, the speed at which the rental demand grows is greater than the speed at which the new inventory that is built grows, with the consideration that a good part of these constructions are negotiated in a custom-made format, because of the caution of developers before the speculative format.

Check here: Naucalpan arouses the interest of developers to establish last-mile spaces

The scarcity of land with infrastructure has been key both in Monterrey and in Mexico City and this has been understood by developers who are dedicated to producing this type of inventory, where they must also face the issues of provision of white water and electricity that becomes a nerve center for the development of industrial activity.

In the medium term, entities such as Chihuahua and Sonora become key to the development of renewable energies to the north, while Monterrey combines all the elements to make the growth of demand viable in an entity where the interest of the portfolios coincides. more institutional.

Towards the center of the country, Querétaro poses advantages for the development of the entity as a Data Center Hub in Latin America and, of course, the great potential that Mexico City and Puebla exhibit as logistics nodes, mark key positions for the development of industrial leasing in the rest of the year.