Growth in industrial demand in Guadalajara

Over the past year, Guadalajara has emerged as a leader in the national demand for industrial spaces. This is evidenced by the decrease in its availability rate from 3.43% in Q1 2021 to 1.49% currently. Despite only an increase of 180,000 m² in the constructed inventory during this period, there is over 250,000 m² under construction, with 52% already committed due to Build-to-Suit facilities or pre-leasing agreements in place.

Research by SiiLA reveals significant investment opportunities for new industrial parks in Guadalajara, particularly in the El Salto submarket, to meet the high demand generated by the recovery from the health crisis.

El Salto submarket has an availability rate of 1.89% and a constructed inventory of 2,567,302 m², where there is significant interest from national and foreign companies like The Home Depot, HELLA, and Coppel to open new operation points. During the past year, this submarket had a net absorption of 146,000 m², driven by Commerce, Vehicles and Parts, and Transportation and Logistics sectors.

Developers such as Tierra y Armonía, along with G-Industrial, have benefited from this trend by creating FLEXPARK El Salto industrial park, with 41% of the project already commercialized over the last 4 quarters. FINSA is another developer that is starting to construct a new industrial development with the FINSA Jalisco El Salto industrial park, which will deliver its first SPEC facility by the end of 2022.

For more information about Guadalajara's industrial market, inventory, and rental prices per square meter, please visit Market Analytics.