29/10/2024
The occupancy of custom spaces (Build-to-Suit projects) shows a trend of surpassing industrial buildings for lease figures in various Mexican industrial markets.
Regions like Tijuana and Monterrey, with significant manufacturing activity, have recorded over 40% of recent occupancy of industrial-use buildings.
According to the real estate consulting firm Datoz, cited by the portal Obras por Expansion, this type of infrastructure used 42% of industrial occupancy in the border city, which led to these projects during the second quarter of the year.
This percentage corresponds to 800,000 square feet, out of a total of 1.9 million square feet of new construction in the region.
Build-to-Suit Projects Increase in Northern Mexico
Datoz points out that the trend in Tijuana, whose industrial activity is driven by manufacturing, is also seen in other markets, including:
- Ciudad Juarez
- Chihuahua
- Hermosillo
- Mexicali
- Nogales
The consulting firm estimates that 41% of the 3.9 million square feet under construction correspond to Build-to-Suit projects, which are specifically designed for companies' needs.
According to the company, industrial construction is adapting to meet the demands of international companies arriving in Mexico through this project.
Advantages of Build-to-Suit over industrial building for lease
Choosing custom projects allows companies to set up their activities in facilities that enhance efficiency and flexibility compared to renting inventory industrial buildings.
According to Mexico Industry, in addition to the northwestern regions, other northern areas, including Durango and Nuevo León, are among the most active for industrial construction.
Nearshoring, a driver for industrial building leasing
In Nuevo Leon, Monterrey also shows an upward trend in custom projects, even more sustained over time compared to Tijuana, with 45% of development projects following this trend since 2022, according to the Immobiliare portal.
As one of the most active Mexican industrial markets, Monterrey has also been a key point for nearshoring, which supports attracting foreign companies with specific requirements.
To align with nearshoring trends in Mexico and the relocation of companies, Frontier Industrial offers industrial buildings for rent and build-to-suit projects in industrial parks across various states, including the most active markets in the Mexican industry.
If your company is looking for alternatives to establishing operations in Mexico, do not hesitate to contact us and learn about our Class A industrial buildings leasing options, which offer guaranteed infrastructure and services in the country's most important regions.
