Although it is a small industrial market, with 587,951 square meters of inventory, Tecate has managed to attract investment thanks to its proximity to robust markets such as Mexicali and Tijuana.

Although the health emergency has had a considerable impact on the industrial real estate sector, plus the uncertainty generated by various government policies, Tecate has managed to remain stable in demand and vacancy.

However, the entry into force of the Trade Agreement between Mexico, the United States and Canada (T-MEC) as well as the fiscal stimuli in the border area and the strategies to encourage investment in Baja California have made investors turn to Tecate, Tijuana and Mexicali.

For example, last month the economic promotion agencies of Tijuana, Tecate, Mexicali and Ensenada signed an Alliance agreement for the promotion of Baja California, in which joint actions are formalized to attract investment for the entity.

The goal of this alliance is to promote the development of companies in the sectors: medical, aerospace, electrical-electronics, automotive, food and beverages, aquaculture, logistics, furniture manufacturing, digital creative media, audiovisual and cinematography.

According to the Solili platform, until February 2021, Tecate has 16,957 square meters vacant at an average monthly rental price per square meter of $ 4.6.

In Tecate, Baja California, three important industrial parks predominate, with El Bajío and IAMSA being the ones that have had the most activity in recent months, with the arrival sectors being medical, automotive and electronics companies.

Currently the industrial park developed by IAMSA is in the expansion of two small warehouses of around 162 thousand square feet and it is expected that they will be available during the third quarter of this year.