At the end of the first quarter of 2022, industrial construction reported more than 4.7 million square meters at the national level, which is its historical maximum in the last four years, according to the real estate platform Solili.
Compared to the same period last year, almost work activity doubled and exceeded by more than a quarter what was recorded in the fourth quarter of the same.
Monterrey, With almost 1.3 million square meters of industrial buildings under construction, far surpassed Mexico City (CDMX), which reports about 814 thousand square meters concentrated in 83% about the CTT brokers (Cuautitlan, Tultitlan and Tepotzotlan).
Northern border concentrates the 58% of industrial works
The northern border continues as the most dynamic market in the country, since he concentrated 58% of what is built in industrial buildings.
only in Monterrey started the works of 22 estate that together add up 463 thousand square meters. While Reynosa, Saltillo, Ciudad Juarez and Tijuana add 336 thousand square meters of new developments.
Solili pointed out that in this zone there has been an important participation of speculative projects combined with “custom made” (BTS).
Industrial construction BTS takes the lead in the Bajío
For his part, the Bajío region is made of 20% of industrial construction, in response to strong demand and downward vacancy adjustments.
A) Yes, New buildings started in Querétaro, Guanajuato and San Luis Potosi with 163 one thousand, 151 thousand and 49 thousand square meters of warehouses, respectively.
In this case, drainage and electrification BTS developments take the lead. further, it has been confirmed that some companies have assumed the risk of building their own facilities, which opens up various negotiation possibilities for the real estate asset once the work is completed.
Production of construction companies grows 5.1% annual in Mexico
as has been observed, developers continue to drive the industrial segment despite the inflationary context, which is located in 7.45% for March 2022.
This is reflected in the real value of the production of the construction companies that increased 5.1% at annual rate in February, according to INEGI data.
While the busy staff and hours worked rose 6.4% Y 6.5%, respectively.
Regarding the type of work, the industrial construction, commercial and services was the most dynamic in the month (23.1%), followed by housing (17.6 percent).
Solili explained that this mobilization is sustained by the "strong demand to be maintained 2022, under the scenario of rental prices with significant growth margin that allows them to absorb costs and maintain their projected profits”.
Fountain: Expansion