The city of Tijuana has positioned itself as the market with the lowest vacancy rate nationwide, reporting at the end of the first quarter of 2021 only 1.8% of vacant space. The decrease in this indicator compared to the previous quarter was 80 basis points, a variation that occurred in the same proportion if compared to the same period of the previous year.
Fewer than 15 existing properties have vacancies on the market, totaling 1.4 million square feet. The size of the vacant offer fluctuates between spaces ranging from 10,000 to 100,000 square feet. The scarce vacant supply reported in the market until the end of March 2021 is mainly concentrated in the El Florido-Boulevard 2000 and Pacifico-Nordika corridors.
The factors that have determined the drop in the supply of industrial spaces in the market has been a sustained demand and the decrease in construction due to the shortage of industrial use properties and infrastructure in the city.