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SMI - GERAL Q4 2025
+3.25 % 370.88
=
INCOME RETURN
+2.22 % +
APPRECIATION RETURN
+1.03 %
USD / MXN
0.00 % 17.35
GDP (Quarterly, Millions)
-1.24 % 29,325,765.23 PTS
CPI
0.00 % 4.45 PTS
Reference Rate
0.00 % 6.50 PTS
Closing IPC
-1.78 % 67,976.50 PTS
UDIs
0.00 % 8.84 PTS

Six Million sqm in 2025: The Fragile Balance Underpinning Mexico’s Industrial Expansion

  • By the end of 2025, Mexico’s industrial market is expected to have grown by 6%. The center and the north lead the expansion, but the sector’s strength lies less in the headline number than in the fragile balance among regions, markets and submarkets.

Carlos Smeke leads Litos, currently developing industrial facilities in Monterrey. Photo: SiiLA.
Carlos Smeke leads Litos, currently developing industrial facilities in Monterrey. Photo: SiiLA.
By: SiiLA News
09/24/2025

At first glance, Mexico's industrial map appears to be organized into large blocks or regions, but 2025 reveals a different scale: hyper-specialized corridors that are redefining the country's competitive landscape.

This year, the national industrial market is expected to close with approximately six million new square meters, indicating growth of nearly 6%. Although more moderate than 9% and 7% in 2024 and 2023, it aligns with the five-year average, according to SiiLA.

In that expansion, the central region points to the most significant proportional growth, followed by the north and the Bajío. In aggregate, the most diversified zones with the highest project volume—such as Mexico City and its metro area in the center, as well as Monterrey, Tijuana and Ciudad Juárez in the north—continue to drive the national dynamic.

But when the data is broken down by market, the picture changes. By year-end, the poles with the greatest relative expansion would be Querétaro, Monterrey, and Tijuana (8%–9%), followed by San Luis Potosí, Guadalajara, Mexico City, and Saltillo (with variations of around 7%).

The contrast reveals that while regions set the pace, it is the markets that combine three key factors—supply-chain pull, immediate land and project availability, and sector specialization—that make the difference. Thus, for example, Querétaro stands out as a hub for the automotive, electronics and logistics sectors in the Bajío; Tijuana stands out as a cross-border node specialized in electronics, machinery and health-sector inputs; and Monterrey leads as a center of advanced manufacturing. In the capital, by contrast, domestic-consumption logistics dominates, as nearly half its inventory is held by logistics firms and distributors of finished goods.

That logic repeats when examining dynamics within each market's submarkets.

Not all submarkets grow equally, and those surpassing a 6% expansion in 2025 cluster in the same areas: Mexico City, Monterrey, Tijuana, Guadalajara, Querétaro, and Saltillo. This implies the concentration is no accident, as project scale and demand converge there—so far this year, about 85% of space absorbed nationwide has concentrated in those markets.

However, the growth of submarkets follows a less linear trend than the elasticity of their own inventory.

On the one hand, there is the base effect, where outsized growth in submarkets—such as South in the capital and East in Tijuana, with growth rates of between 60% and 75%—stems from small inventories that spike with a single delivery. Others, by contrast, grow less in proportion because they start from much larger bases that dilute the impact of new inventory.

One example is the B1 facility at Parque Industrial Litos in Ciénega de Flores, Monterrey. With more than 100,000 square meters of gross leasable area (GLA), the delivery of this single project implies 4% growth for the submarket. The opposite is true of the 66,000-square-meter "13" building under development at Millennium Lomas EMEI Business Park, which by itself will add only 1% to the current inventory of Apodaca, Monterrey.

On the other hand, saturation in established corridors—such as Arco Norte in the capital, Monterrey, or Derramadero in Saltillo, with virtually no availability—is pushing expansion into adjacent zones—farther east in the capital, farther west in Monterrey, and toward the northeast in Saltillo—where tenant rotation and space reconfiguration are beginning to redraw the internal map.

That complexity—built from contrasts among regions, poles and submarkets; from jumps explained by base effects; and from expansions born of saturation and availability—not only redefines the map; it also explains the market's resilience. Cause in uncertain times, specialized corridors don't just offer cost, infrastructure or services; they are fertile ground for supply-chain linkages capable of capturing investment and sustaining competitiveness.

To explore square meters, projects, and trends by region, visit SiiLA Market Analytics or contact us at contacto@siila.com.mx.

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Mexico
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Industrial
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ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.

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Transactions


José Carlos Elizondo leads Voit, which recently added office space at Centro Corporativo del Parque in Insurgentes. Photo: SiiLA.
Voit Changes the Playing Field: Competition Moves Beyond the Point of Sale
Wu Kouyue leads Xusheng Leoch Battery, one of the companies that absorbed the most industrial space in Q1 2026. Photo: SiiLA.
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Nearshoring

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Between Importing and Exporting: Mexico Does Not Substitute Auto Parts, It Needs Them to Export
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