Infrastructure demand keeps growing in Monterrey28/02/2023
The growing demand for industrial buildings in the north of the country keeps increasing because of the impulse that nearshoring to Mexico has acquired since the Covid-19 Pandemic changed the supply chain activities, thanks to the short distance between Mexico and the United States of America’s commercial market. The location and the short distance from the United States have benefits for the production activities in areas such as Monterrey’s industrial park.
The industrial market in Nuevo León keeps growing, and more than being one of the areas where there have been reports of a record infrastructure demand for logistics and manufacturing activities, industrial building construction is also increasing.
Monterrey has consolidated as the market with the biggest demand for industrial Real Estate in the north of Mexico. The report of 1.4 million square meters in construction for the second quarter of 2022 is 150% of the industrial space demand registered in Mexico City, as Solili’s report shows.
By the end of August, the demand for industrial Real Estate kept the same in the north of Mexico, with reports that showed at least 50 new industrial buildings and warehouses were in progress in a market where car manufacturing and technology enterprises are the main activities that affirm the growth and drive to establish a technological cluster.
Diversification is on the horizon
Pesqueria municipality and Salinas Victoria town have attracted different companies from the technologies area, such as Bosch, Hisense, and Quantum Computer. Nevertheless, the growth of the activities started with Kia in the car manufacturing area.
Tesla followed the Asian automotive company because the American electric car enterprise looks for establishing its next factory in Mexico, for taking advantage of the benefits that T-MEC gives, and for using the Tier 1 providers in the country. German Tesla’s provider ZF Group has been already operating in Monterrey to send equipment to Tesla’s installations in Houston, Texas.
Tesla followed the Asian automotive company because the American electric car enterprise looks to establish its next factory in Mexico, for taking advantage of the benefits that T-MEC gives, and for using the Tier 1 providers in the country. German Tesla’s provider ZF Group has been already operating in Monterrey to send equipment to Tesla’s installations in Houston, Texas.
Immobiliare magazine, which specialized in Real Estate, has informed that industrial constructions in the area includes the development of Build to Suit projects, and there are companies of different areas interested in taking their activities to the region, such as:
- Navistar: an Asian company that looks for assembling electric trucks.
- Lingong Machinery Group: looking for new activities to invest US $140 million in Nuevo Leon, where it produces elevators.
- Hershey’s: the American enterprise has plans for growing its activities in Escobedo’s municipality with US $90 million dollars.
- Cuprum: a Mexican enterprise with activities for aluminum production, looking for investing US $100 million US dollars.
In Frontier Industrial, we develop and provide Class A industrial infrastructure for enterprises that have activities in the areas with industrial growing potential in Mexico in a nearshoring to Mexico scenario, so we keep our commitment to regions such as Monterrey industrial park. You can contact us and get more information for developing your project.