Guanajuato Industrial availability grows and diversifies

The industrial market in the state of Guanajuato, of industrial buildings and establishments that belong to the highest properties’ category such as Class A, continues in expansion, this obeys to markets oriented to manufacture, automotive industry and logistics, where most of the developments are new and fulfill new generation characteristics at infrastructure level and technical specifications, this was announced by Andres Lomelin, director of Colliers International Bajío.}

Likely, he said that the development regarding industrial infrastructure in Guanajuato has been dispersed to municipalities where important assemblers were installed such as Mazda, in Salamanca or Toyota, soon to be opened in the municipality of Apaseo el Alto.  Nevertheless, municipalities as Celaya, Irapuato and San Jose Iturbide, have grown regarding the construction of new buildings or industrial buildings, due to connectivity, location and qualified workforce availability.

“Silao and Leon grew exponentially to share benefits in infrastructure, life cost, services, etc; but the availability of industrial furniture has moved to other municipalities and that is good, because the industry settlement diversifies in Guanajuato.  Near Celaya and the Apaseos is Queretaro, also an important city within the industrial sector, this helps Guanajuato municipalities to develop and be part of the economic growth generated at the Bajio area,” he noted.

CLASS A INVENTORY, CONTINUES TO GROW

According to the study Bajio Industrial Overview 2018, fulfilled by Colliers International, the inventory Class A is currently in 75 million square feet, distributed among 419 properties.  In addition, the market has 45.91 million additional square feet, distributed between 646 class B properties which measure more than 21,500 square feet each.  As result, the total inventory of the Class A and Class B properties reached 121 million square feet in the last trimester 2017.

“There are municipalities that were not registering an important industrial culture; however, considerable advances are registered in the municipality of Celaya where the offer in new industrial buildings exceeded the 2 million square feet and municipalities such as Irapuato, San Jose Iturbide and Salamanca also registered a slight increase.”

During the first trimester 2018, the class A industrial market continues in an expansive phase registering an increase of 1.6 square feet.  This figure represents an increase of 2.2 % regarding the third trimester of 2017.

Between October and December 2017, 23 new class A industrial buildings incorporated to the market through the Celaya corridor.  Properties were developed in a speculative manner and Built To Suit.

The availability rate during the fourth trimester 2017 was of 3.2 %, considering the industrial buildings that belong to class A and B distributed within all the industrial areas.  The availability rate presented a slight decrease compared with the previous trimester.

INDUSTRIAL PROPERTIES PRICING LEVELS

By the end of the last trimester of 2017, the annual rental rate was of 4.66 dollars per square feet for Class A industrial buildings, and 3.77 dollars per square feet for industrial buildings class B.

Pricing range within the six monitored corridors (Irapuato, San Jose Iturbide, Leon, Silao, Salamanca and Celaya) range between 3.77 and 5.57 dollars per square feet for class A industrial buildings and between 2.35 and 4.47 dollars per square feet, for class B industrial buildings.

GRAPHICS

INVENTORY BY CLASS

(2017 Last semester)

38% - Class A

62% - Class B

AVAILABILITY PER CLASS

(2017 Last semester)

79% Class A

21% Class B

“CLASS A” BUILDINGS OFFER AVAILABLE BY CORRIDOR

Celaya – 34%

Irapuato – 12%

San Jose Iturbide – 5%

Leon – 5%

Salamanca – 5%

Silao – 40%