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 a total occupancy exceeding 860,000 square meters so far this year.
Among the most prominent regions, Monterrey leads growth with a demand of nearly 200,000 square meters, followed by Mexico City and Guanajuato, further solidifying their position as key hubs for industrial development. Meanwhile, markets in northern Mexico account for 50% of the national demand, while the Bajío region contributes 22%, establishing both areas as strategic centers for logistics and manufacturing.
Supply has also evolved with the addition of 817,000 square meters to the national inventory during the last two months. Cities like Monterrey and Guadalajara led this expansion, driven by the construction of new industrial parks and modern buildings that incorporate sustainability concepts and innovative designs.
With a total inventory exceeding 103 million square meters and an average vacancy rate of 2.9%, rental prices have reflected the high demand, reaching an average of $6.97 USD per square meter per month. This scenario highlights not only the scarcity of available spaces but also the growing competition among developers to provide solutions that meet market expectations.
Moreover, improvements in infrastructure from industrial parks to multimodal transportation systems strengthen Mexico’s position as a global logistics and manufacturing hub. These investments not only enhance the country’s operational capacity but also increase its appeal to companies looking to optimize their supply chains.
The year 2024 is shaping up to be a pivotal one for the Mexican industrial market, with sustained growth trends and an increasingly competitive environment driving innovation and reinforcing business confidence in the country’s potential.
Source: https://shorturl.at/CSRhg
