Various technology companies set their sights on the Metropolitan Area of Guadalajara, and with this they began to expand their operations, particularly with the development of Built to suit (BTS) industrial buildings.

In this sense, the main corridors in the area report increases in surface under construction for BTS projects, expansions and speculative developments. In addition to the development of micro parks that adapt to last mile functions.

Check here: Parque Industrial Cortijo I is built on the last mile in Jalisco

According to the opinion of the director of Newmark, Abraham Fernández, the Guadalajara market and the metropolitan area will witness rentals before the end of construction, considering that at least 40% of the speculative buildings that are under development will be rented and will be delivered at the beginning 2023, as a result of the great demand driven by technology, e-commerce and logistics companies.

Currently, speculative spaces present vacancies at historic lows, which drives the constant pace of construction. Despite the increase in construction, the vacancy rate is expected to remain low.

Of interest: The industrial inventory in the country grows by just over 1.2 million m² during the 3Q 2022

Meanwhile, within the corridors, construction trends were observed; highlighting the El Salto corridor that focuses on the development of speculative ships, at the same time that the expansions take part of the demand.

In relation to the increase in demand and the decrease in the availability rate, prices in the Jalisco industrial market reported a notable increase. However, the Salto corridor maintains competitive prices due to the diversity that exists within the market.

In Solili you can consult industrial warehouses available in Mexico City and Querétaro

Original note