2024

The Mexican industrial market continues to demonstrate unprecedented dynamism, driven by key sectors such as manufacturing, logistics, and the nearshoring strategy, which keeps attracting foreign investments to Mexico. In the first eleven months of 2024, the demand for industrial spaces has shown significant growth, exceeding last year’s levels by 15%. This translates to more than 70 new investments and...

The real estate sector in Mexico continues to experience steady growth. During the third quarter of 2024, a construction record was set, reaching 5.9 million square meters across the country. This growth reflects an increase in demand and investor confidence, both domestic and international, driven by favorable market conditions and a positive economic environment. In the first half of 2024, Foreign...

The industrial growth driven by nearshoring has been crucial for the development of certain states in Mexico, thanks to three of its regions with the strongest opportunities: the Border, Bajío, and Center.  We can see that some states in the Northern Border, such as Nuevo León, Chihuahua, and Coahuila, stand out for their state-of-the-art infrastructure and global competitiveness. These states lead...

From January to September 2024, Guanajuato achieved a record of $29.9 billion in exports, representing a 14.39% growth compared to the same period last year. This result solidifies the state’s position as the fifth-largest exporter in Mexico, standing out as the leading non-border state exporter.    Exports have a positive impact on the local economy, directly benefiting over 230,000 Guanajuato...

In today’s global landscape, where companies aim to streamline supply chains, Mexico stands out as a prime location for nearshoring, allowing international firms to bring operations closer to key consumer markets. Mexico’s unique advantages with proximity to the United States, a well-developed manufacturing infrastructure, and strong trade agreements like the USMCA, positioning the country as a...

Ramos Arizpe solidified its position as Coahuila's leading industrial hub, distinguished by rapid employment growth and strong investment appeal. Over six years, formal employment registered with the IMSS has surged from 80,000 to over 120,000, marking a significant 50% increase. This growth is a testament to the region’s commitment to fostering an investor-friendly environment, where companies not only...

The AMPIP has announced a development program for 128 new industrial parks in Mexico, aimed at strengthening the country’s logistics infrastructure and attracting new investments. This project, which involves an estimated investment of between $6.2 and $8.6 billion, will generate significant economic and social dynamism, creating tens of thousands of direct and indirect jobs.  The Mexican industrial...

Currently, Queretaro is positioned as the leading market for industrial construction in Bajio, with 23 industrial warehouses under construction, totaling 400,000 square meters. These industrial buildings are classified as "A" class, specifically designed to accommodate companies with large volumes of manufacturing, production, and supply chain needs.  This growth represents a significant opportunity...

Ciudad Juárez has emerged as a key player in the technology industry, positioning itself as one of the most relevant centers for semiconductor manufacturing and integration in Mexico. This border city has strengthened its role in the global supply chain, particularly in integrating semiconductors into high-value-added products, driving significant industrial growth. With more than 50% of Mexico's...

Nearshoring has had a significant impact in Mexico in recent years, leading to continuous growth in industrial building construction and prompting companies to position themselves within the country to reduce costs and streamline operations.  Additionally, it has transformed the industrial real estate market in Mexico, offering an exceptional opportunity for economic growth and diversification,...

San Luis Potosí is one of the most favorable and profitable cities for investments. It is evident that leading companies from around the world have already chosen to establish and expand their operations in this region to enhance their competitiveness and productivity.   Its industrial sector is poised to be one of the major beneficiaries of the surge in industrial space development across the...

Private investment, both domestic and foreign, continues to demonstrate confidence in Tamaulipas' economic growth, resulting in a 2.6% annual increase in the state’s industrial sector for April, according to the Monthly Indicator of Industrial Activity (IMAIEF) from INEGI.  This indicator, designed to track the development of the secondary sector at the state level, shows a positive trend in economic...

The past friday, August 16th, we celebrated our 15th anniversary at the Baseball Hall of Fame in Monterrey, where we shared moments and memories of all we have achieved, grown, and evolved from the beginning until today. Our President, Lic. Roberto Cantú, highlighted the accomplishments reached over these 15 years and emphasized the importance of maintaining passion and adaptability in the face of...

Silao is the leading destination for industrial investments in Guanajuato in 2024. Due to its growth in industrial park development, the area has attracted 162 new projects, generating a significant impact on its economy, with over $9 billion in investments and the creation of more than 64,700 direct jobs.  According to the head of the Guanajuato Sustainable Economic Development Secretariat (SDES),...

Queretaro has recently emerged as the leading destination for investment in the Bajío region, attracting many companies from the manufacturing and logistics sectors interested in establishing a presence in the city due to its rapid growth and the opportunity to reach new markets and operations.  This growth is reflected in over 333,000 square meters currently available for lease. This increase...

Coahuila has solidified itself as one of Mexico's leading industrial and economic powerhouses thanks to its entrepreneurial spirit and outstanding security. This state, located in the northern part of the country, has established itself as a fundamental pillar in various productive and export sectors. Notably, Coahuila is the largest producer of vehicles and auto parts in Mexico, which has driven its...

According to the National Institute of Statistics and Geography (INEGI), San Luis Potosi is known as one of Mexico's most dynamic and competitive states in industrial matters. It stands out for its strategic geographic location, characterized by infrastructure and profitability for manufacturing investment, particularly in key sectors such as automotive, metallurgical, and household appliances, among...

During the first months of 2024, there has been a significant increase in the development of industrial parks in Guadalajara, with a total sum of approximately 102,000 square meters, marking a 50% increase in industrial activity compared to the same period in 2023. This growth has facilitated the arrival of several companies establishing their production operations in Mexico, thereby making a substantial...

The United States-Mexico-Canada Agreement (USMCA), which currently marks four years in effect and is set for review in two years, has helped the country maintain its position as one of the main trading partners of the United States, bringing benefits in exports and imports. Although the USMCA formally came into force on July 1, 2020, replacing the North American Free Trade Agreement (NAFTA) which began in...

In recent years, Queretaro has experienced significant growth in the occupancy of its industrial parks, achieving an increase from 93% to 95%. This phenomenon underscores the growing attractiveness of the region for industrial investment and signals a positive trend in the state's economic development.   According to the Secretary of Sustainable Development (SEDESU), Queretaro boasts approximately...

Reynosa has solidified itself as a keystone in the cross-border economy between Mexico and the United States, driving the expansion of American manufacturing. Its proximity to Texas and its productive capacity makes it an essential strategic point for trade and logistics.  In 2023, Reynosa recorded exports totaling $16.1 billion, highlighting its role as a manufacturing and logistical bridge with...

The arrival of nearshoring has brought great opportunities for growth in the construction of industrial buildings in Mexico. Companies are seeking to explore new investment opportunities to reach their target market and continue expanding their possibilities and opportunities.  Therefore, development firms in Mexico have significantly increased their activity in constructing industrial buildings in the...

In January 2024, San Luis Potosí emerged as a key driver of industrial growth in Mexico, according to the Monthly Indicator of Industrial Activity by State (IMAIEF) released by the National Institute of Statistics and Geography (INEGI). The state experienced a 10.2% increase, making it the second-highest in growth, surpassing states like Querétaro, Nuevo León, and Aguascalientes, and trailing only...

Nearshoring has sparked an unprecedented dynamism in the industrial real estate market, demanding strategic planning backed by expert advice from companies. In the first quarter of 2024, the availability of industrial spaces remained around 1.8% nationwide, with an even lower rate in the northeast, at 0.9% for Class A spaces, a figure lower than the previous year. The growing demand extends from...

Reynosa, a city located on the border of Mexico, stands out as a growing industrial center that attracts both local and foreign investors. Its prime location and well-developed infrastructure make it an attractive destination for companies looking to establish themselves in the country.  According to data from Solili, at the end of the first quarter of 2024, Reynosa exhibits a vacancy rate of 3.5%, the...

Since 2019, investments from Asia have played a significant role in the demand for industrial space in Mexico. By the end of 2023, the occupancy of industrial warehouses due to nearshoring reached nearly 1.7 million square meters, representing a 5% increase compared to 2022, according to CBRE Mexico data. During the period from 2019 to 2023, China led investments in Mexico, accounting for 40% of the...

The skill and expertise of skilled workers in Coahuila stand out significantly for companies exploring investment opportunities in the region. This appeal is backed by the recognition from the National Institute of Statistics and Geography (INEGI), which places Coahuila at the forefront nationally in terms of its contribution to exports in the Transportation Equipment Manufacturing sector. This privileged...

Mexico Logistics Consulting emphasized that in the current dynamic business environment, there is an emerging trend offering innovative solutions to streamline operational management and meet market demands. The strategy focuses on optimizing logistics processes and enhancing responsiveness, resulting in a significant reduction in transportation costs and delivery times. When considering the...

In the current landscape of 2024, the Automotive Cluster of San Luis Potosi is actively engaged in strengthening its supply chain while striving to attract new companies to the state, especially those originating from the Asian continent. This strategic momentum stems from a significant increase in Asian capital investment observed in recent years, with a particular emphasis on currents from China. This...

In the economic landscape projected for the year 2024, micro, small, and medium-sized enterprises (MSMEs) in the industrial sector in Querétaro are anticipating promising growth, estimated between 5% and 10%, following the trend observed at the end of the previous year. This optimistic projection, shared by industry leaders, reflects confidence in the MSMEs' ability to capitalize on emerging...

At the recent meeting of the Mexican Association of Industrial Parks (AMPIP), significant data were presented on the growth and dynamism of the industrial real estate sector in Mexico, reflecting not only solid progress in recent years but also the potential for expansion and the challenges to be faced in the future. The sector has shown impressive growth in terms of net absorption, with a significant...

Nuevo Leon emerges as a key player in the landscape of foreign direct investment (FDI) in Mexico among the current context marked by the growing phenomenon of nearshoring and anticipation of projected economic challenges for the year 2024. As highlighted by a CMIC consultant, the state stands out by leading this momentum with a total of 30 investment projects, amounting to a substantial figure of $5.855...

The industrial market in Guadalajara closed out the year 2023 with a positive performance, characterized by a notable increase in demand for industrial buildings. With a cumulative gross absorption of 342,000 square meters, representing a 15% increase over the previous year, the region is experiencing a boom in industrial economic activity. During the last quarter of the year, demand focused on...

Reynosa, Tamaulipas emerges as a catalyst for opportunities in the Mexican industrial landscape. With a projected industrial investment exceeding $325 million dollars for 2024, the city becomes a magnet for economic growth and job creation.  This 141% increase compared to the previous year not only reflects investors' confidence in Reynosa's potential but also the ongoing development and expansion of...

The phenomenon of companies relocating closer to their final market, known as nearshoring, has generated several positive impacts in Mexico, such as job creation, technology transfer, strengthening of public finances, and boosting domestic supplier companies including those in the industrial real estate sector. As external variables that have driven nearshoring, we could highlight the disruption of...

Irapuato, Guanajuato witnessed a momentous occasion as finnish company METSO inaugurated their new facility, marking the expansion of operations in the region. The newly unveiled plant, the third one in Irapuato, is exclusively dedicated to the production of polymer for filter press applications, underlining METSO's commitment to innovation and growth. Between 2019 and 2023, METSO made a significant...

The relocation of businesses, known as nearshoring, had a significant impact on the industrial real estate sector in Mexico, giving rise to over 350 construction projects throughout the year. Driven by the growing demand from companies seeking to move their operations to the country to leverage its proximity to the United States. By the close end of December, indicators revealed that a total of 5.6...

Until 2021, Mexico ranked fourth position as a global producer of auto parts. However, factors such as nearshoring, the USMCA (T-MEC in Spanish), and the presence of Chinese automakers have propelled the national industry significantly. With Tesla's introduction, the rise of Chinese brands in the Mexican market, the USMCA, and, above all, nearshoring, Mexico intensifies its competition with Japan for...