FUNO Begins Construction of El Salto Park III in Guadalajara, Set to Debut Over 43,000 m² in 2024

Last week marked the groundbreaking for El Salto Park III, a new industrial park in Guadalajara, Jalisco. Developed by FIBRA Uno (FUNO), this logistics complex is set to feature six industrial buildings covering nearly 300,000 square meters. Currently, construction of Building C is underway, expected to be completed in 2024, and will encompass about 43,000 square meters.

During the groundbreaking ceremony, local authorities highlighted El Salto as one of the most significant industrial regions in Guadalajara and the Mexican Bajio. They praised its high-quality infrastructure, critical federal and municipal roadways, and areas supplied with reused water, ensuring the sustainable development of industrial projects.

According to SiiLA, El Salto is a region with sustained demand and global competitiveness, adaptable to market changes. Over the past three years, the area's vacancy rate has dropped, reaching close to 0.7% in 2023. This reflects the region's stability in space absorption, encompassing tenant acquisition and retention, and a slight slowdown in new inventory delivery between 2022 and 2023.

El Salto is a significant logistics and industrial corridor where productivity and innovation merge to drive Bajio's economic engine. As per SiiLA, it is Guadalajara's largest submarket, housing about 45% of the region's Gross Leasable Area (GLA) in the industrial sector. This makes El Salto a key hub for production, storage, and distribution in the automotive, food, retail, steel, and electronics industries.

El Salto's industrial inventory grew by 20% in the last three years, adding nearly 490,000 square meters of new space. Its commercial activity has increased since 2006, with a significant surge in the past year. According to the Mexican Economy Secretariat, El Salto's international sales 2022 reached $7.3 billion, a 21% increase from the previous year and accounting for 21% of Jalisco's export value.

El Salto's features align well with FUNO's expansion plans, making it an ideal location for industrial park development. This year, FUNO has shown keen interest in northern markets like Ciudad Juarez, Monterrey, and Tijuana, known for light manufacturing, and in Bajio regions such as Guadalajara and Queretaro, strategic for logistics alongside Mexico City.

FUNO indicated that 75% of its industrial properties, soon to form another trust called FIBRA Next, are focused on transportation and logistics, 22% on manufacturing, and 3% on business parks.

FUNO's expansion in El Salto reinforces the region's role as a vital economic driver for Jalisco and Mexico. El Salto Park III is a significant milestone in the industrial trajectory of Guadalajara and the Mexican Bajio, which is expected to become a central hub for logistics and manufacturing.

For more information on this and other real estate projects in Mexico, visit SiiLA REsource or contact contacto@siila.com.mx.