Monterrey Industrial MarketView Q4 2022

January 20, 2023

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  • Quarterly Net Absorption recorded 4.0 million Sq. ft. as of the close of 2022, taking the annual figure to its highest level ever recorded.
  • The new constructions starts were monitored at 3.5 million Sq. ft. across the city. Build-to-suit properties account for 42% of this space.
  • The vacancy rate hit a new lowest figure, at 1.0%. There are only 1.3 million Sq. ft. vacant in being monitored the city, where four out of the nine submarkets concentrate all the vacancy.