Given the growing demand for industrial space in Monterrey, the trend reached its neighboring community Saltillo, a region with available inventory and which is just over an hour away from the capital of Nuevo León, according to data from Solili.
While Monterrey ranked as the market with the highest gross demand for industrial spaces at the national level, with 160,000 square meters per month, Saltillo positioned itself as the second most dynamic, with 87,000 square meters, with figures as of last April.
“The relative location of Saltillo, located 85 km from Monterrey, a little over an hour and a quarter on the Monterrey Cuota-Saltillo Highway, explains why part of the pressure of demand has managed to move to Saltillo, which still has almost 180,000 square meters available” Solili pointed out.
By corridors, Ramos Arizpe concentrated the demand for space in Saltillo, with 80% of the total demanded.
It should be noted that since 2021, Saltillo was among the markets with the highest demand for industrial spaceranking fifth nationally.
“In Monterrey, the pressure of demand has been much greater than in Saltillo, where we were able to observe an even more pronounced reduction in vacancy, going from 6.03% in March 2021 to contract to 2.5% at the end of March 2022, however, this It has also been an element that has been playing in favor of Saltillo since the strong demand from Monterrey has put pressure on the capital of Coahuila to take off,” explained Solili.
Put automotive accelerator
For the real estate analysis company, both markets manage to form a synergy to serve the northeast automotive logistics corridor, where companies can take advantage of connectivity through three airports in the area, four automotive assemblers, 12 industrial parksas well as three intermodal terminals and one multimodal.
“This configuration has allowed the outstanding participation of automotive investments and the development of suppliers in this industry, and therefore the demand for the first quarter of the year was concentrated mainly in the automotive and logistics lines,” Solili said in his report.
What to find in Saltillo?
With data at the end of the first quarter of this year, Saltillo reported 30 available properties, to meet the demand for spaces that are looking for from 1,200 square meters to more than 18,000 meters.
Towards the beginning of this month, 43 industrial warehouse alternatives were reported throughout the state of Coahuila by developers such as Davisa, Finsa, Vynmsa and Roca Desarrollos.
In what corresponds to inventory under construction, Saltillo registered 68,000 square meters at the end of last April, where almost 19,000 meters.
“The projections towards the quarterly close indicate that this market will continue to be an important contribution for Monterrey and for the Northeast region, which specifically will continue to mark the position of greatest relevance in national demand,” Solili anticipated.