The four markets that make up the Bajío region (Querétaro, Guanajuato, San Luis Potosí and Aguascalientes) have managed to register a quarter of the total national demand by the end of the first quarter of 2022, after in the same period of 2021 the figure was only reached almost 10%.

Let us remember that the lowlands as a result of the pandemic, and with a significant concentration of manufacturing and specifically automotive activity, closed 2021 with an annual accumulated demand that barely reached one million square meters.

Guanajuato y Querétaro take the lead in 1Q 2022, reporting gross absorption of 208 thousand and 180 thousand, which positions them in third and fourth place in national industrial demand, just below Monterrey and Mexico City.

Construction activity has also accelerated its pace in the Bajío region, mainly in Querétaro, Guanajuato and San Luis Potosí, which closed the quarter with 400,000, 335,000 and 158,000 square meters of industrial buildings in various stages of progress. In the case of Querétaro, only the start of new construction reached 163 thousand square meters in the period.

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This outstanding construction activity is due to increases in demand and the decrease in vacancies in the entities, with the lowest being recorded in Aguascalientes with 2.4%, followed by Querétaro with 4%, and closing Guanajuato and San Luis Potosí with 6.6% and 5.8%, respectively. The shoal as a whole still has 800,000 square meters of vacancy, which represents about a third of the country's industrial vacancy.

Now, when the composition of the demand in Guanajuato is analyzed, the automotive and logistics sectors predominate, while in Querétaro the spectrum has been opened up, including other sectors, including data centers that account for almost half of the demand between January and March 2022.

Another phenomenon that characterizes the region is that demand has been determined mainly by custom-made projects prevailing over speculative projects. According to the figures reported by Solili, at the end of the first quarter of the year, almost 65% of the total demand in the region belonged to custom-made projects.

Of interest: Demand for industrial buildings soars and grows 42% by 1Q 2022

Cases have also been observed where the companies that occupy the property as owners acquire the land and reach an agreement for the development and construction of a building completely adapted to their needs. This could generate future potential for sale and lease back operations when the company wants to take back the capital again to apply it to its operations.

As for prices so far this year, Querétaro reports the highest quarterly increase of almost 3.4%, thus reaching $4.00 dollars per square meter per month, while Guanajuato, with the lowest quarterly increase of 0.9%, registered a figure close to $4.10 dollars per meter. square month, identical to that reported in San Luis Potosí.

In the coming quarters, confidence will continue to be maintained on the part of developers who plan medium-term projects, including projects under construction that would go after the speculative modality, where the Finsa Querétaro III, Kaizen, and Cantera Industrial Parks stand out. , Vie Verte, Aerotech, Querétaro Industrial Park, Querétaro Technological Innovation and Vesta Park Querétaro, among others.

For this reason, in the remainder of the year and even in the face of important challenges such as inflation and the supply of electricity and services, the developers who make life in the shoal will continue to pave the way hand in hand with their governments, who have understood that this work requires guarantees. legal and physical security to take the region to the next level of development.