The industrial submarket of Apodaca in Nuevo Leon, Mexico, is becoming an increasingly attractive location for automotive companies. FORVIA, a leading global auto parts company created in 2022 through the merger of French Faurecia and German HELLA, recently invested USD $147 million to build a new plant in the Nexxus Airport Industrial Park. This investment highlights the company's commitment to expanding its operations and strengthening its presence in the automotive industry. The new plant is expected to bring job opportunities and contribute to the growth of the local economy.

SiiLA Market Analytics reports that the vehicle and parts industry in Apodaca is expected to continue to experience growth in the near future. SiiLA data shows that the area occupied by companies in the sector increased by 31% between 2019 and 2022. The industrial parks that have seen the most benefit from this sector’s growth are: Apodaca Technology Park, Flex Park Apodaca Industrial Park, and Prologis Agua Fría Park.

Faurecia, a leading automotive technology company with a presence in Mexico since 1997, currently employs over 19,000 people in the country, with a strong presence in Coahuila, Guanajuato, Puebla, Queretaro, San Luis Potosi, and Sonora. In mid-2021, Faurecia announced the construction of its new campus in the Nexxus Airport Industrial Park, located in Apodaca, Nuevo Leon. The new plant is expected to create 1,500 new jobs and features a bioclimatic design to minimize the company's ecological footprint. The facility will manufacture car seats, instrument panels, and central consoles, as well as conduct research and development of new technologies.

The Apodaca submarket in Nuevo Leon continues to demonstrate robust market dynamics, as evidenced by the establishment of companies like FORVIA. SiiLA forecasts the delivery of 1.5 million square meters of new industrial properties in the region from 2023, indicating a promising outlook for the sector.

The government of Nuevo Leon has acknowledged the economic boom in the region, which is attributed to the influx of companies for nearshoring. Apodaca's strategic location for logistics and distribution of products assembled in Nuevo Leon destined for transportation to the United States has further fueled its growth. According to local authorities, Nuevo Leon attracts 50% of the nearshoring investment in Mexico. As of the end of 2021, 125 investment projects have been confirmed, with 26% in the automotive sector.

The Apodaca submarket in Nuevo Leon continues to demonstrate its promising potential for growth and development in the commercial real estate sector. With the arrival of companies for nearshoring and the establishment of major industry players, such as FORVIA, Tesla, Yanfeng Seating, Navistar, and AGP eGlass, the region is poised for significant expansion. For more insights and information on real estate markets and submarkets in Mexico, including industry trends, visit SiiLA's Market Analytics or contact us at contacto@siila.com.mx.