According to the figures corresponding to 2Q21, from the Solili consulting firm, expansions of industrial space were reported for companies already established in the country, accounted for as new investments and belonging to different sectors of the economy.

During the April-June period, the demand for industrial space had a quarterly increase of over 35%, totaling 1.7 million m2  nationwide. The figure is more than double the amount registered in the same period of the previous year.

The main markets of the country concentrate most of the demand. Ciudad Juárez ranks first in gross demand with 313 thousand m2 , followed by Mexico City, 288,000 m2 , where the highest demand in the country is traditionally concentrated, reporting a quarterly increase of 10% and 60% per year.

According to the size of the demanded spaces, they mainly concentrated on 2 typologies, the first from 20 to 30,000 m2 with 41% and from 5 to 10,000 m2 with 27 percent.

Other cities that reported high levels of demand were Guanajuato, Tijuana, Querétaro, Saltillo, each exceeding 100,000 m2.

Regarding the new supply indicator, that is, spaces that finished construction and became part of the existing inventory, a figure of 762,000 m2 is reported. The markets with the most significant values were Monterrey, Saltillo, Ciudad Juárez, Mexico City and Tijuana, which in total added 588,000 m2 to the existing, around 80% of the country.

During the period, the construction of 1.2 million m2 began in which Monterrey, Mexico City, Saltillo, Guanajuato and Aguascalientes concentrated 60 percent.

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The start of new construction in the quarter represents 72% of the demand, which indicates an important correlation between indicators in terms of inventory replacement, although it was not possible to reach the level that the demand demands.

In Monterrey, they started 244,000 m2 of new industrial buildings, followed by Mexico City with almost 169,000 m2 .Monterrey has multiple Class A projects under construction for more than 250,000 m2 , where 57% are tailor-made projects and 43% are speculative, with a wide range of surfaces ranging from 4,000 to 27,000 m2 available.

The vacancy nationwide reached 461,000 m2 . The Mexico City market stands out, representing 46% of the total value.

If you are looking for more details, consult: Solili Industrial Real Estate Report 2Q 2021

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