During the first quarter of 2025, the Monterrey industrial market recorded a gross absorption of 2,368,060 ft², representing a growth of 210% compared to the same period in 2019 and 23.4% compared to the levels recorded before the pandemic. 

This performance reflects the evolution of a market that has been able to adapt to new global demands: from the consolidation of e-commerce to the adjustments in supply chains driven by nearshoring. The dynamism of the sector has maintained both the pace of construction and the volume of spaces under development at historic levels. 

Monterrey’s industrial inventory reached 176.53 million ft², after adding 3,541,326 ft² of new supply. In addition, construction starts reached 4,316,328 ft², of which 76% remain available, reflecting the private sector’s confidence in the market’s potential. 

Apodaca, one of the most active submarkets, accounted for half of this growth, consolidating its position as the region’s industrial epicenter. Although the vacancy rate stood at 5.1%, this is mainly due to circumstantial factors, such as the departure of a specific automotive company, and the incorporation of new spaces that have not yet been absorbed. 

Net absorption reached 1,410,072 ft² in the quarter, driven mainly by deliveries of pre-leased spaces. Although it has shown a slight decrease compared to previous quarters, it remains 64.8% above pre-pandemic levels, which confirms the structural strength of the market. 

Monterrey continues to consolidate itself as one of the most attractive destinations for industrial investment in Mexico, supported by high-level infrastructure, strategic location and sustained demand that positions the region as a key player in the new global logistics and production landscape 

Source: Monterrey Industrial Market Maintains Healthy Indicators, but Demand Slows Down: CBRE Mexico