As a result of the pandemic, the real estate market in the northeast of Mexico suffered a severe economic blow. Despite the losses and the delay, large companies continued to manufacture and work. This year there was a growth in manufacturing and construction of 35% compared to 2020, where there was a decline of 0.5%.
By the end of this year, a GDP growth of 7% is estimated which is very attractive to investors. This result means an increase in economic activity in the country that brings great economic benefits.
Mexico is a country that stands out for having a large real estate market and highly trained workforce. In 2021, in the northwestern region of Mexico, the demand for industrial spaces has increased. Chihuahua registered a gross absorption of 19,761m2, ranking third in the most productive markets in the area.
Some data on the real estate market in Chihuahua
The 6 cities that make up the industrial market of the northeast are Ciudad Juárez, Mexicali, Chihuahua, Tijuana, Nogales and Hermosillo. The global starting price for industrial buildings in this region was $ 4.87 USD / m2 / month, while the closing price was $ 4.40 USD / m2 / month.
There was a notable increase in relation to 2020 due to higher demand. Even this year, there has been a start of construction for 170,139 m2 in the region.
Some cities have higher exit prices than those for closings, cases such as Nogales with $ 5.92 USD / m2 / month and Tijuana with $ 5.71 USD / m2 / month.
As for Chihuahua, in the second quarter of 2021 it was $ 4.16 USD / m2 / month. While the closing price was $ 4.30 USD / m2 / month.
Compared to other cities in the region, Chihuahua is an economical place to invest. Furthermore, 98% of its industrial engineers and technicians are local.
At Chihuahua Global we know that large companies always have high projections. Our strategic location in the national real estate market guarantees the growth of your company and investment. We are a consolidated company in the country with important affiliates and alliances that trust in our work.
By: Datoz, Reporte del mercado inmobiliario industrial 2Q2021