MEXICO – North-central Mexico will continue to drive the growth of the industrial real estate market, where despite economic uncertainty, continues the interest of large investors and developers, said Patricio Dominguez, director for the industrial sector of Newmark Knight Frank (NKF) Mexico.
In the northern market, Tijuana continues to present interesting numbers after a break of a couple of years, detecting the return of maquiladora companies, with a very low availability rate of 2-3%, so developers continue to build industrial parks, representing a healthy market and is benefiting from the change of fiscal strategy in the border area.
Patricio Dominguez stressed as well that the market in Monterrey, which has an inventory of more than 5.72 million m² class A, and after several frozen projects, begins to register the flow of investments mainly Korean, Chinese and U.S., as a result of the USMCA.
Source: Centro Urbano