Reasons to invest in an industrial park in the Bajio region

by Advance Real Estate 20 de September, 2022 747 Views

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Setting up in an industrial park in the Bajio region is the first choice for many national and foreign companies starting operations or looking to expand due to its many competitive advantages. This time we will analyze six reasons that have driven the world’s interest in this industrial zone.

1. High growth rate

The Bajio region has shown a significant increase in the absorption of industrial space, even under the uncertainty of the most complicated months of the pandemic. More specifically, the states of San Luis Potosi, Queretaro, Aguascalientes, and Guanajuato registered during that period an absorption of 268,000 m² ¹, meaning an increase of 28% compared to the exact dates, but in 2019.

2. Cost spread and nearshoring opportunity

Due to the low labor and production costs in the automotive sector, a growing number of foreign companies are interested in the Bajio region to set up operations.Another relevant factor is the possibility of relocating their activity to an area with connectivity to the United States to optimize logistics and transportation processes, making the alternative of setting up in an industrial park in the Bajío region a valuable one.

3. Business ecosystem

The Bajío industrial zone is known for its high demand for industrial space to companies’ operations involved in logistics and transportation, IT and digital industries, call centers, manufacturing, and food production. It is also considered an exceptional location for higher education or technical institutions that train personnel for these activities.

The real estate market is another one that benefits from this business ecosystem, reflecting the demand generated by the population concentrated around the industrial zones in this region.

4. Industrial space availability

According to a specialized report, the Bajio lands (industrial park) have drawn the interest of the developers with the industry’s longest trajectory, given all the advantages offered by an industrial park in the Bajio region. In the airport corridor, in Queretaro, the industrial space availability in 2021 amounted to 40,000 m² ² under construction and project covering around 180,000 m². In February 2021, the total inventory in this area was estimated at 6 million, 213,201m² ², and its availability rate was 6.8%.

Guadalajara is a second excellent option for an investor looking to set up operations in Mexico’s industrial parks. This city has positioned itself as a strategic location for the logistics and e-commerce sectors.Because of this competitive advantage, Class A industrial inventory reached a figure close to 5 million m² ², with the construction of 200,000 m² 2 in projects over the last four months of 2020.

5. The Bajío region: tailor-made industrial park

Currently, Mexico’s industrial parks, particularly those located in the Bajio region, offer more than just a strategic location; they are also recognized for their increasingly modern facilities, with ample space for production and construction using high-quality materials.The above is accentuated by the trend among developers to offer spaces adaptable to their tenant’s needs. At Advance Real Estate, we provide national and foreign clients with leasing alternatives in industrial parks and land available for Build to Suit projects in the Bajio region.

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Advance Real Estate

Advance is a leading company in the acquisition, leasing and operation of industrial and logistics assets, with presence in 12 cities within Mexico and a portfolio of 11.5 million sf of industrial space.

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