The market industrial real estate live a good time, especially in areas where companies of manufacture, Logistics and from the iautomotive industry They have a presence, according to data from the firm CBRE.
According to CBRE data at the end of 2021, during the previous year the net absorption in the market real estate industry registered its highest figure in the last four years, with 3.5 million square meters (m2), which generated a vacancy rate of 3.8%, which had not been seen in the last decade.
In this context, regions such as Mexico City, Toluca and Bajío had an outstanding behavior during the previous year, due to the dynamism that companies with operations of Logistics, manufacture and even dedicated to Automotive industry.
Regarding Mexico City and the metropolitan area, CBRE indicated that during 2021 of the total industrial demand, 80% corresponded to the expansion of logistics operations in Mexico City and the metropolitan area.
In terms of construction, the projects in the northern part of the metropolitan area behaved favorably. “The inventory registered 9.46 million square meters at the end of the last quarter of 2021, which represented an increase of 4.7%”, highlighted CBRE.
The vacancy rate reported in Mexico City and the metropolitan area a percentage of 5.3%, that is, more than 496,000 vacant square meters at the end of the previous year.
manufacturing drives
In the area of Toluca, State of Mexico, CBRE highlighted that the companies of manufacture led the demand in this region. At the end of 2021, the behavior of this market was 188,000 square meters of gross demand.
“Manufacturing companies led the demand. At the end of 2021, the inventory registered more than 1.9 million m2, with an annual increase of 7.5%,” CBRE said.
In terms of accumulated net absorption at the end of 2021, this figure was 171,000 square meters, that is, four times greater than 2020. “The new offer closed 2021 with more than 136,000 m², a figure that exceeded that registered in 2020.”
Automotive industry helps
As far as the Bajío part is concerned, the Automotive industry and of manufacture They promoted the development of the industrial real estate market in this region, which registered a gross absorption of 570,000 square meters in 2021, that is, 81% more than what was reported in 2020.
“The trading activity indicated its reactivation in the second half of the year driven by expansions and renovations,” CBRE said, adding that, at the end of the year, the industrial inventory class A was 12.8 million square meters, that is, a growth of 2% compared to the end of 2020.
2021 closed with nearly 300,000 square meters under construction, where half are projects of the build-to-order model (BTS, for its acronym in English).