Monterrey Industrial ManketView Q1 2021

July 16, 2021

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  • The average lease asking price closed at US$4.71 per sq. ft. per year, US$0.05 above that reported in Q2 2020.
  • New supply in Q2 2021 recorded 1.6 million sq. ft., with 6 build-to-suit developments and 2 speculative spaces.
  • There are 5 million sq. ft. of industrial space under construction; during the quarter construction was started on 9 buildings, 5 speculative spaces and 4 build-to-suit, totaling 1.5 million sq. ft.