Surge in Industrial Real Estate: Aguascalientes, Guadalajara, and Monterrey Lead Price Increases

The industrial sector has witnessed remarkable growth in three specific markets in Mexico. Aguascalientes, Guadalajara, and Monterrey stand out for presenting the highest price increases in the last year, unveiling a significant trend that has drawn the attention of investors, developers, and analysts alike.

According to data collected by SiiLA Market Analytics, the industrial market in Aguascalientes leads the upswing with an impressive 30% increase. The price per square meter has risen by US$1.10, while the availability rate has slightly decreased to 1.97%. This growth is accompanied by an inventory increase of over 2%, signaling sustained demand in the region.

Guadalajara doesn't lag behind, experiencing a 28% increase in the market price, equivalent to US$1.31 per square meter. Although the availability rate has slightly risen to 0.51%, the inventory has grown by 3%, solidifying Guadalajara's position as a burgeoning industrial market.

Completing the trio of expanding markets, Monterrey sees a 28% increase in the market price, reaching US$1.27 per square meter. The availability rate has slightly decreased to 1.51%, and the inventory has shown a notable growth of 7%, indicating robust demand in the region.

Driving Factors of the Boom:

Multiple factors converge to explain this phenomenon in the mentioned industrial markets. Company relocations and nearshoring in Mexico have significantly contributed. The demand for spaces has surpassed supply, and the scarcity of land with adequate services has driven up the market. Additionally, the increased demand for FIBRAs and developers, the presence of skilled labor, proximity to the United States (Mexico's primary trading partner), the rise in exports to the US, and the profile of exporting companies have fueled this growth.

Elements of price speculation and the urgency of some companies to secure new spaces are not ruled out as additional factors. This detailed analysis provides a comprehensive view of a phenomenon reshaping the industrial landscape in Mexico, offering exciting opportunities and challenges for investors and participants in the commercial real estate market.

For more information on this and other topics related to the sector, explore SiiLA REsource or contact us at contacto@siila.com.mx.