Monterrey, NL. The vacancy rate in the industrial real estate market of Monterey was 2.0% in the fourth quarter of 2022, which represented 1.9 percentage points below that registered in the same period of the previous year, due to the incorporation of new pre-leased warehouses and a significant occupation of industrial spaces in the submarket of apodaca.
This is indicated by the Industrial Market Report of Monterey de Colliers, corresponding to the fourth quarter of 2022.
Currently the market has an availability of class A and B warehouses, with a total of 389,705 square meters, that is to say -30.35%, less than in the same quarter of the previous year, this is due to the fact that availability dropped considerably in most of the nine submarkets, given the boom in arrival of Foreign Direct Investment (FDI) due to the trend towards nearshoring or relocation.
On the other hand, the transactions of spaces A and B in 7 of the 9 submarkets registered 446,214 square meters in the fourth quarter, which meant a difference of 9% compared to the fourth quarter of 2021.
The highest accumulated activity of class A ships was in the submarket of apodacawith 46%, followed by Victoria Salinas with 27 percent.
Currently, 61 class A and B properties are under construction in 1.5 million square meters.
The Salinas Victoria submarket registers the highest number under construction with 567,049 square meters of industrial buildings, followed by Apodaca (387,325 square meters); Santa Catarina (236,381 square meters); Ciénega de Flores (102,226 square meters) and Guadalupe (91,292 square meters).
It is worth mentioning that the industrial parks with the most spaces under construction are: Hofusan, in Salinas Victoria (272,903 square meters); Interport, in Salinas Victoria (215,000 m2), and Finsa Santa Catarina (167,971 m2).
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