Reynosa started the year with more than 300,000 meters of industrial buildings that, although they have remained at high levels during the last semester, are not enough for the pace set by industrial demand.

Part of this activity is due to gross demand, which continues to rise quarter after quarter in this border market. Let us remember that during 2022 Reynosa accumulated 315 thousand square meters of gross demand for industrial buildings, this amount being 30% higher than what was demanded in 2021.

Consult here: The new offer of industrial projects in 2023 advances strongly

When entering the Solili platform and doing an analysis of the Reynosa market, filtering by construction, we verified that more than 70% correspond to custom-made projects, leaving very few options for any tenant interested in this market.

The Poniente corridor concentrates 58% of the constructions in progress and close to half of the footage of warehouses that are built plan their delivery by the end of the first quarter of 2023 and the rest project their finite towards the second and third quarters. Currently less than half a dozen of these options will be available ranging from 10,000 to 30,000 square feet.

Reynosa, along with Chihuahua, Aguascalientes, Saltillo y Tecate, were the markets where developers during 2022 concentrated mainly on custom projects, which further accentuated the decline in vacancy. This indicator at the end of January 2023 decreased below 1%, the lowest percentage in the last two years.

Another trend that this market has registered is the increase in rental prices, which in percentage terms has been one of the highest nationwide, along with those reported in Monterrey, Querétaro and Mexicali, exceeding more than 20% per year in all of them.

Of interest: Industrial demand forces developers to build more space in Saltillo, Tijuana and Juárez

This panorama of low availability of speculative spaces in Reynosa has led to the closure of pre-leases when construction is beginning, which favors the developer by diluting the risk and the tenant by being able to secure an industrial warehouse adapted to their needs.

This context opens up an excellent opportunity for developers who have available land with an industrial vocation since the combination with a guaranteed demand anticipates a safe investment in terms of profitability.