The decline in industrial vacancies continues in Mexico, 1.8% as of Q3 2023
Solili | October 13, 2023 |

The industrial vacancy at the national level stands at a figure of one million 627 thousand square meters, which is equivalent to 1.8% of the total national inventory. As a comparative basis, the vacancy at the end of Q3 2022 stood at 2.1%.

While the markets of Reynosa, San Luis Potosí and Aguascalientes register figures very similar to the national average, others such as Chihuahua, Tecate and Puebla register the lowest percentages in Mexico, below 0.7%.

Of interest: Ramos Arizpe, an investment hub capturing 56% of Saltillo's industrial demand in Q3 2023

Meanwhile, the highest values in terms of available surfaces are located in five markets that total one million square meters, which represents 62% of the vacant industrial spaces in Mexico. The markets are Guanajuato, Ciudad Juárez, Monterrey, Querétaro and Ciudad de México.

If we analyze the corridors where the largest number of vacant industrial buildings are located, we find the South submarket of the industrial market in Ciudad Juárez with 171 thousand square meters, followed by the Airport submarket in Querétaro with 120 thousand square meters and the Silao-León corridor in Guanajuato with 117 thousand square meters.

The total vacancy that the Guanajuato and Querétaro markets represent in the shoal with 253 and 191 thousand square meters, respectively, gives them advantages when it comes to being prepared to satisfy demand requirements.

In the case of Guanajuato we find more than half a hundred available spaces that cover a wide range in sizes ranging from one thousand to 23 thousand square meters. For its part, Querétaro has 36 surfaces that could be occupied by potential tenants with areas ranging from 300 square meters to 36 thousand square meters.

If we review the industrial vacancy recorded in Mexico City according to details on the Solili platform, 182 thousand square meters are reported at the end of Q3 2023, 66% of which are concentrated in the Ixtapaluca, Toluca and Tultitlán submarkets.

Check here: Monterrey faces challenge due to decrease in industrial supply in the market

Projections for the next 9 months indicate the need to continue streamlining the start-up processes of new industrial warehouses in the vast majority of Mexican industrial markets.

Industrial constructions that exceed 5.2 million square meters nationwide are scheduled to be completed no later than the first quarter of 2023, so the pressure to stop an even greater decrease in vacancy involves promoting the start-up of new buildings.

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