The Reynosa industrial market has been accumulating a gross demand between January and October 2023 that reaches 93 thousand square meters, although it maintains a much slower pace than that reflected in the same period of 2022.

However, the net absorption reported on the Solili platform during the first three quarters of 2023, which includes the spaces that are vacated, exceeds the amounts recorded in both the equivalent periods of 2022 and 2021.

Of interest: Get to know the most active Monterrey brokers in industrial construction

One of the factors that affects the vast majority of industrial markets in Mexico and limits the growth of industrial demand is the shortage of supply, and Reynosa is no exception. At the end of October 2023, industrial vacancy remained at 1.5%, which still represents a relatively low percentage.

Nearly 62% of the accumulated demand so far this year is concentrated in Class A spaces, where more than 70% of the areas are located on the Airport-Pharr Bridge submarket.

Companies in the packaging, household appliances, plastics and logistics sectors dominate the main spaces in demand so far this year.

On the other hand, the Reynosa market continues to maintain an important inclination towards expansion due to the important activity generated in the region that drives the clusters of various maquiladora industries, in this part of the northern border of Mexico.

Regarding the size of greatest demand, warehouses between 5 and 12 thousand square meters are those that have generated the greatest number of operations during 2023, with the maximum surface area demanded being a custom-made project located on the El Puente Industrial Park. on the Airport-Pharr Bridgeero submarket.

Check here: What is happening with industrial vacancy rates nationwide?

Currently, the available offer that you can consult on the Solili platform includes a dozen spaces ranging from 2.8 to 26 thousand square meters. The Villa Florida, Parque Rey Pharr East, El Puente and Parque Maquilpark I industrial parks are the options that comprise the largest available surfaces.

Another element that stands out in this market is the increase in the rental price, which has registered more than 25% during the last year and has allowed it to stand at $5.98 per square meter per month at the end of October 2023. This projection in the increase in the rental price is a factor that plays in favor of the constructions that are in process and that exceed 130 thousand square meters at the end of October 2023.