They say when one door closes, another opens. In Monterrey, that door was the 100,000 square meters of FINSA Santa Catarina’s Building 11, which Quanta Computer has just taken, nearly six months after AGP Glass moved out.

The deal is not only Monterrey’s largest so far in 2025; it also offers relief to a market coming off one of its most strained quarters. In the second quarter, the year-over-year vacancy rate nearly tripled to 4.9%, while the region posted one of its lowest net absorptions in five years: just 1.5 square meters taken for every square meter vacated, dragged down by the atypical exit of large tenants—such as AGP Glass—and by slower investment, according to SiiLA.

With this property, Quanta Computer now exceeds 169,000 square meters of Class A gross leasable area in Monterrey, where it already had four buildings at Avante Monterrey Industrial Park.

Getting Quanta to take the property allowed FINSA to place a space that few tenants could handle. Not only because occupying more than 100,000 square meters drastically narrows the list of potential tenants, but also because the facility featured top-tier tenant improvements—an above-standard share of office space, reinforced electrical capacity and expanded hydraulic systems—that made it difficult to find anyone willing to take on those conditions.

The Taiwanese hardware manufacturing giant, which supplies global technology brands, thus builds on nearly four years of operations in Mexico. Year after year, it has expanded its footprint, and over the past two years, has invested billions of dollars to expand its production capacity, in step with major clients—including Amazon, Cisco, Siemens, and Tesla—bolstering North American supply chains.

Quanta itself notes in its 2024 annual report that its expansion in Mexico is part of a global strategy aimed at reducing geopolitical and tariff risks. The company explains that diversifying production beyond China and Taiwan—with new plants in countries such as Mexico, the United States and Germany—strengthens the stability of its supply chain and enables faster response to customer demand, in a context where nearly 65% of its exports are bound for the United States.

Beyond Quanta, Mexico’s tech manufacturing pull has attracted at least a dozen well-known companies over the past five years—including Hisense, Lianchuang Electronic Technology and Noah Itech—and spurred expansion among two-fifths of the sector’s tenants. Standouts include Johnson Controls International, Stanley Black & Decker and LG Electronics, each of which grew more than 30% during that period, according to SiiLA.

Quanta’s story in Mexico is, in reality, that of a market in reconfiguration. The details—by submarket, building size and absorption trends—are available in SiiLA Market Analytics. If you would like to dig deeper, please write to us at contacto@siila.com.mx.