The industrial and logistics sectors, as well as the agro-industrial and technological ones, continue to experience significant growth in the Mexican Bajio. In recent decades, this region's rapid economic expansion has been further accelerated by nearshoring, making it a strategic hub for national and international goods and services production and distribution.

Nowadays, the Mexican Bajio accounts for 24% of the national industrial parks, boasting at least 102 properties, according to data from the Mexican Economy Secretariat. Additionally, SiiLA reports that this region comprises 36% of the country's industrial gross leasable area, totaling almost 30 million square meters in the second quarter of 2023.

For example, two noteworthy industrial properties are the PBQ-3 Industrial Building and VYNMSA Celaya Industrial Park - SPEC II, located in the Parque Industrial Bernardo Quintana in Queretaro and Amistad Celaya Sur Industrial Park in Guanajuato, respectively. Both properties, whose availability can be consulted on SiiLA SPOT, are strategically situated with access to major transportation routes and offer suitable services and substantial electrical capacity to support manufacturing, logistics, and distribution activities.

Given their substantial size of approximately 12,000 and 11,000 square meters, these two industrial properties provide ample space for machinery installation and efficient production process organization. On the one hand, the PBQ-3 Industrial Building boasts modern infrastructure and high-quality services, attracting manufacturing and distribution companies. On the other hand, VYNMSA Celaya Industrial Park - SPEC II is backed up by an electrical substation and is an ideal choice for companies in the automotive and electronics industries due to its proximity to key production and assembly centers.

The presence of these properties in the Mexican Bajio region has strengthened the country's manufacturing sector, attracting local and foreign investments.
According to SiiLA Market Analytics, the industrial real estate sector in the Mexican Bajio added over 1.2 million square meters to its inventory in the last year. This growth, though moderate, is noteworthy considering the surge in demand in the region, which led to a 24% decrease in availability between the second quarter of 2022 and the second quarter of 2023, bringing the vacancy rate close to 2.7%.

Moreover, it is essential to highlight that during this period, the sectors absorbing the most space were automotive (20%), transportation and logistics (14%), as well as capital goods (14%), collectively representing 48% of the absorbed area.

Developing infrastructure and services in the Mexican Bajio has resulted in job creation and economic growth, establishing it as a crucial driving force for the Mexican economy, especially in the industrial and logistical sectors. Notably, the Bajio has strengthened its position over the past two years through significant infrastructure projects, such as the upcoming second dry port in Celaya. Set to be completed by 2024, this project will serve as a crucial railway loading and unloading point, bolstering the logistics sector and facilitating efficient goods transfer within the region.

To delve deeper into the latest trends in this thriving region, explore SiiLA REsource or contact us at contacto@siila.com.mx.

Remember to check SiiLA SPOT, Mexico's largest and most comprehensive database of available industrial, office, and coworking spaces!