In recent years, there has been a significant demand for specialized spaces, as demonstrated by the current inventory of Mexican industrial parks and the positive outcomes experienced in the market and economy.
For instance, between July and September 2022, more than 12 million sq ft of space was available. This growth is linked to new consumer habits and the relocation of many foreign companies that leverage the advantages of nearshoring and the favorable conditions of USMCA for the country.
This scenario is also reflected in the 13% increase1 in industrial real estate demand in the third quarter of 2020 and the same period of 2021, which held true until 2022, with a growth of 10% over the previous year.
Which are the main industrial parks in Mexico?
With several foreign companies wanting to operate in Mexico, by the end of 2022, Queretaro, Monterrey, and Mexico City had a higher concentration of industrial building construction.
Discussion of new projects in Mexico’s main industrial parks must include those located in Monterrey and Tepotzotlan, in the country’s capital, where 45% of new2 national developments are found.
However, analyzing annual inventory growth reveals that the markets with the highest growth rates were Guanajuato, Monterrey, and Queretaro in terms of industrial building inventory.
The impact of industrial buildings construction
The recent construction of each industrial park has helped set in motion the sector’s reactivation after COVID-19, promoting foreign capital inflows in the country.
This movement has positively transformed the context of industrial activity in Mexico, resulting in the following:
- There is more interest in its development from local and international organizations and construction companies.
- Some areas of the country such as the northern border, the Bajio region, and Mexico City, have strategic locations and industrial corridors3 set in key areas.
- There is an increase in the search and supply of Build-to-Suit projects (custom industrial spaces).
- More speculative construction projects are being developed.
- More contract closures for the lease or acquisition of an unfinished industrial park due to investors’ increased perception of certainty.
- Activity diversification, gaining relevance in the construction of industrial warehouses, logistics, and data centers.
- There are more employment opportunities and economical in cities and states with higher industrial activity.
At Advance Real Estate, we boost economic development through industrial real estate in the most strategic locations in Mexico City and the country.
Our industrial parks adapt to a company’s requirements, ensuring the proper conditions to keep operations running and improve productivity levels, especially in uncertain times like the one experienced in the past.
Information source:
- www.solili.mx/noticias/…/5371
- wiggot.com/archivos/mexico-sigue-creciendo-en-su-actividad-industrial-en-que-beneficia-al-sector-inmobiliario%EF%BF%BC
- advance-realestate.com/adblog/de-que-depende-la-ubicacion-de-un-corredor-industrial
