Saltillo continues to establish itself as a key player in Mexico’s industrial sector, ranking as the sixth most in-demand market for industrial space nationwide. Additionally, it closed the third quarter of 2024 with the lowest vacancy rate in the Northeastern region, recording just 0.72% availability—highlighting high occupancy levels and sustained interest from companies.

Currently, industrial space availability in the area remains tight, with only 373,800 square feet distributed across the Ramos Arizpe, Derramadero, and Arteaga submarkets, which together account for just 4% of the region’s total supply. Despite steady sector growth, new developments have been limited, with only 733,000 square feet delivered in 2024, representing an industrial growth rate of 1.41%.

However, the outlook remains promising. Over 1.76 million square feet are currently under development in speculative projects, while Built-to-Suit developments under construction account for approximately 1.58 million square feet, signaling an expanding supply in the coming months.

Saltillo’s industrial market has been primarily driven by the automotive industry, which accounted for 36.3% of total demand. Other key sectors include electrical and electronics manufacturing (28.1%), supply chain operations (11.6%), the steel industry (7%), and furniture manufacturing (4%).

In terms of foreign investment, Chinese companies led industrial space absorption with 32%, followed by firms from the United States (20.4%), Switzerland (12.2%), Canada (10.8%), Mexico (7.9%), and South Korea (4%).

With a combination of low vacancy rates, sustained growth, and a strong presence of foreign investment, Saltillo reaffirms its position as a strategic destination for industrial operations in Mexico. The expansion of new developments will be crucial to maintaining its competitiveness and attracting further industrial projects in the coming years. 

Source: Saltillo ranks sixth in demand for industrial spaces