The industrial market in Tijuana continues to hold the third position nationwide with respect to the accumulated figure of gross demand. Between January and November 2022, the demand figure was 686 thousand square meters, which represents 5% of the national total.

Like the rest of the border markets, Tijuana has been a participant in the strong pressure exerted by the relocation of production processes that were carried out in Asia prior to the pandemic and that now seek to be almost next to the demand represented by the american consumer.

Consult here: Gross absorption growth of the Bajio exceeds the northern markets during 2022

In the same way, the logistics sector and the medical supplies sector find in this border city favorable conditions to efficiently supply the new needs of consumers who modified their demands after the pandemic.

This message is clear to developers and other investors who take refuge in the industrial real estate sector as a guarantee of profitability in the medium and long term, given the existence of a demand that is projected to continue and grow during 2023.

Therefore, if we look at what is currently under construction, there are about 425 industrial buildings. Only between October and November, 82,000 square meters of warehouses that fed the Tijuana inventory were completed and close to 20,000 square meters were incorporated as new industrial constructions.

It is interesting to observe the high participation of speculative construction that exceeds by more than 90%, both in number of operations and in areas, the total number of industrial buildings that are built there.

The areas of speculative projects range from 4.8 to 41 thousand square meters, while only two custom projects are under construction with 9 and 27 thousand square meters.

However, the rest of the constructions that are advancing and are not available are associated with the pre-leasing that takes place in a highly dynamic market.

Of interest: Industrial rental prices in Guadalajara increase sharply due to low supply

If any company that is looking for a Class A industrial warehouse that is currently under construction and consults the Solili platform, they will find that of the 29 projects that are being built, more than half would be available and could locate warehouses between 4.9 and 28.4 thousand square meters.

These actions by developers to activate the speculative offer have been reflected in a slight increase in vacancy that ends in November at 0.78% after the lowest point reached in August 2022 with 0.46%.

Another characteristic of the industrial market in Tijuana is that it almost reaches the average rental price of $6.7 dollars per monthly square meter, which is 70 cents higher than the industrial market that comes closest to it, which is Mexico City.