For the second consecutive year, Monterrey was positioned as Mexico’s industrial leader.
Monterrey closes the year 2022 with historical figures on the indicators that show the performance of the industrial real estate market. It is in industrial construction where this market far exceeds its performance of previous years by registering more than 1.4 million square meters, a figure 57% higher than what was advancing in construction at the end of 2021. In the last quarter of 2022 alone, this market saw the start-up of more than 200 thousand square meters of new industrial buildings.
Demand also reported much higher levels than in previous periods. The cumulative gross demand in Monterrey in 2022 exceeded 1.8 million square meters, which represented an additional 35% compared to the cumulative demand in 2021.
Monterrey, with these figures for the end of 2022, has achieved two consecutive years occupying the first position at national level, which corresponded to Mexico City in previous years.
In the last quarter of the year, gross demand in this market was 488 thousand square meters, concentrated in buildings ranging in size from 2.3 to 50 thousand square meters. Half of this demand was concentrated in custom-built projects (BTS) and the rest corresponded to speculative projects, properties that have been gaining market share in this market.
If we analyze the total annual industrial demand, a little more than a dozen projects account for 37% of the areas leased during 2022. In this category we find projects with areas greater than 30 thousand square meters, up to the maximum area registered in the year of an industrial warehouse located in the Salinas Victoria corridor of 93 thousand square meters.
Net demand, which includes the spaces that were vacated during the year, increased by 42% with respect to the total for 2021, closing in 2022 with just over 1.3 million square meters.
Monterrey has focused the attention of both developers and investors who know the long-term potential of a mature market where the commercial supply of housing, workspaces and complementary endowments is wide and varied, allowing for sustained growth into the immediate future.
In the 2023 horizon, the water endowment and its long-term planning are key to continuing the potential that the region has. According to statements made at the end of the year by the Ministry of Economy of Nuevo Leon, the entity captured 101 Foreign Direct Investment (FDI) projects between January and October 2022, of which 53 are new projects and 48 correspond to expansions of companies already operating in the entity.
The estimated investment of 4,364 million dollars corresponds to global firms in the manufacturing, automotive, logistics, furniture and information technology sectors, where the United States, China and South Korea are in the first three places.
Source: Solili
