Industrial parks are designated and developed areas that host manufacturing facilities and related services. These parks are designed to create a conducive environment for industrial activities, supporting the growth and operations of businesses that establish themselves there. Typically, industrial parks provide basic infrastructure and services, along with permanent administration for continuous operation. They are strategically located close to vital infrastructures such as roads, ports, airports, or railways, enhancing connectivity and logistics for transporting goods.

As of February 2023, Mexico has at least 431 industrial parks spread across 20 states, as the Mexican Association of Industrial Parks (AMPIP) and Mexico's Economy Secretariat reported. These parks encompass over 38 million square meters of built-up area, accommodating more than 3,700 tenants primarily from the manufacturing and logistics sectors, majorly (62%) of foreign origin.

Industrial parks foster economic growth, job creation, innovation, and business efficiency. By bringing multiple companies together under one roof, they enhance regional competitiveness and promote sustainable development.

Between 2023 and 2024, Mexico is expected to welcome 47 new industrial parks, leading to a potential demand for over two million square meters of space. This estimation was shared by Sergio Arguelles, president of AMPIP, during an interview with Grupo Financiero Banorte. Moreover, the association predicts growth in industrial space demand by 2025 due to the arrival of approximately 453 new companies in Mexico, with a significant portion (20%) coming from China.

Currently, most industrial parks are concentrated in Mexico's Northern (58%), Bajio (24%), and Central (17%) regions, particularly in Nuevo Leon (18%), Baja California (14%), State of Mexico (10%), and Guanajuato (9%).

What benefits do industrial parks offer?

To underscore their importance, SiiLA has identified five significant benefits that industrial parks offer compared to standalone industrial facilities.

1.- Shared Infrastructure: Industrial parks often provide shared infrastructures and services, such as roads, internal streets, utilities (electricity, water, sewage), security systems, communication networks, and internet access. This reduces companies' costs within the park as they don't have to bear the full burden of establishing and maintaining these infrastructures.

2.- Zoning and Permits: Industrial parks have already undergone zoning processes and obtained necessary permits, streamlining and simplifying the establishment process for new companies wishing to settle within the park. This can save time and money compared to setting up an independent industrial facility elsewhere.

3.- Economies of Scale: Companies located within the park can benefit from synergies and economies of scale. Proximity to suppliers, customers, and business partners can reduce transportation and logistics costs while promoting collaboration and knowledge exchange among related companies.

4.- Security and Surveillance: Industrial parks often have security and surveillance systems, providing a safer environment for companies and their employees. This can help reduce the risk of theft, vandalism, and other threats.

5.- Access to Skilled Labor: Industrial parks often attract local workers interested in jobs within the industrial sector, making it easier for companies within the park to hire and retain talent.

Industrial parks offer numerous competitive advantages for businesses looking to establish themselves within an industrial setting. To learn more about trends related to these and other commercial properties, explore SiiLA REsource or contact us at contacto@siila.com.mx.