Walmart will expand its infrastructure with 22 new stores in NL

On Thursday, Walmart announced its plans to invest 1.82 billion pesos in Nuevo Leon to open 22 new units throughout 2023. The new stores will come in various formats, including Bodega Aurrera, Bodega Aurrera Express, Mi Bodega Aurrera, Sam's Club, and Walmart Supercenter. This significant investment by the supermarket chain will expand its infrastructure and create over 1,000 direct jobs.

According to the state government, Walmart's expansion will increase the economic dynamics in the region, along with the current nearshoring trend taking place in Nuevo Leon, which predicts that more investments will follow through suppliers and service companies.

Walmart already has a strong presence in Nuevo Leon, with 349 units, making it the state with the most stores of this chain in Mexico. According to SiiLA Market Analytics, 28% of the square meters occupied by the company in industrial properties nationwide are located in the Monterrey real estate market. Additionally, Walmart employs around 13,000 people in Mexico and Central America stores and distribution centers in Nuevo Leon alone.

During the event held at the Walmart Distribution Center in the Cienega de Flores submarket, Governor Samuel Alejandro Garcia Sepulveda emphasized that expanding companies like Walmart contribute to the social development of the state by generating employment opportunities. He also mentioned that in 2022, there was a record in job creation, revenue, and foreign investment, so the economic outlook for Nuevo Leon looks promising.

Ivan Rivas, the state Secretary of Economy, also highlighted that between January and February of this year, companies established in Nuevo Leon created the most jobs in Mexico, generating 34,047 positions. Rivas explained that investments such as Walmart's help create more job opportunities and shopping options for Nuevo Leon families.

Walmart has been present in Mexico since 1991. The first store the company opened nationwide was a Sam's Club in Mexico City, and the Walmart Mexico brand would not be registered until 2000.

If you want more information and insights on the Mexican commercial real estate market, please visit SiiLA or contact us at contacto@siila.com.mx.