In Monterrey, one of the main industrial markets in Mexico, the average price per square meter per month remained at 6.89 dollars. In contrast, in Apodaca, another important market, the monthly rent was slightly higher, reaching 7.1 dollars per square meter. The arrival of new companies such as Bobcat and Volvo is noteworthy, expected to begin operations in the remainder of the year.
Among the most relevant transactions in the quarter are the leases of large spaces, such as 45,100 m2 by Mercado Libre, 29,254 m2 by DSV, 28,112 m2 by Merkalang in Apodaca, and 32,022 m2 rented by Unilever in Ciénaga de Flores. Regarding the supply of finished buildings, Apodaca leads with 130,064 m2, followed by Salinas Victoria with 70,065 m2 and Escobedo with 46,452 m2. Ciénaga de Flores and Santa Catarina have 37,161 m2.
The construction of new warehouses continues actively, totaling 817,546 m2 across all submarkets. Apodaca and Santa Catarina stand out for the volume of buildings under construction. Regarding prices, an increase was recorded in Ciénaga de Flores, reaching 7.21 dollars per m2 per month, due to the facilities and improvements included in the starting price.
Salinas Victoria also experienced an increase, rising from 6.35 to 6.78 dollars per m2 per month in the last quarter. Despite the strong demand for industrial spaces in Monterrey and its Metropolitan Area, availability has slightly increased to 2.6 percent. According to Samuel González, an analyst at Cushman & Wakefield, the absorption of industrial spaces in Monterrey amounted to 399,490 m2 in the third quarter of the year, reflecting the active dynamics of the market. It is projected that absorption will remain high in the next quarter due to the arrival of new companies and projects. Current availability reaches 334,451 m2.
