Monterrey: Industrial market with record absorptions

Monterrey's industrial market is not only one of the most representative markets for industrial investment. Still, it is also considered the country's largest manufacturing center, with the automotive industry taking the lead.

We find significant tenants within this market, such as the automobile manufacturer KIA, located in the Pesquería submarket. In contrast, the transportation and logistics sector emerges as the fifth industry with the highest occupancy, specifically in the Apodaca submarket.

In 2020, this market recorded a gross absorption of 1,023,440 square meters, which increased to 1,339,855 square meters in 2021, marking the highest figures recorded. On the other hand, in the first quarter of 2022, approximately 50% of the total annual square meters absorbed in 2020 have already been taken, nearly double the amount absorbed in the same quarter of the previous year.

Significant tenants within the transportation and logistics industry that absorbed square meters in Monterrey's market in 2021 include Mercado Libre, occupying a single 60,000-square-meter warehouse in the Nexxus Aeropuerto Industrial Park in the Apodaca submarket. Moreover, DSV Global secured over 36,400 square meters within the CPA-ADN Logistics Center in the Cienega de Flores submarket, and DHL, in addition to expanding in CDMX, absorbed 30,000 square meters in the Nexxus ADN 2 Industrial Park within the submarket mentioned above.

The rapid industrial growth in Monterrey not only presents opportunities for its primary sector but also attracts companies from other sectors. For example, Grupo Gondi, a company dedicated to manufacturing packaging, absorbed nearly 50,000 square meters last year. Kuka Home, another company specializing in manufacturing construction materials and home decoration, like Hunter Douglas, absorbed slightly over 37,000 square meters.

Monterrey's industrial market continues to experience thriving growth, attracting investments from various sectors and providing a promising landscape for businesses seeking growth and success. If you want to know more, visit SiiLA or contact us at contacto@siila.com.mx.