How El Bajío's industrial sector will kick off in the first quarter of 2022

The Bajío area has shown dynamism in several markets during the first quarter of 2022. The leading one was Guadalajara, with a gross absorption of over one million SF and the presence of companies such as Shenzhen Minglida, Waldos and Ademsa.

Daniel Tapia, Bajío Market Intelligence of Market Analysis, reported on the firms that will be setting up or expanding their operations in this part of Mexico, as well as the main investor countries and the highest growth sectors in different markets.

QUERÉTARO

According to Daniel Tapia, during the first quarter of 2022, Queretaro had a gross absorption of 552,782 SF; with 1.37M SF of speculative buildings under construction, and 383,327 BTS.

The highest absorption submarkets were Aeropuerto (300,000 SF lease), El Marqués (just over 150,000 SF lease and sale), and Norte (almost 100,000 lease).

Significant transactions in the market were carried out by a confidential logistics company, with 161,183 SF BTS in the Cantera industrial Park; Bosch, with 129,167 SF of expansion in the Aerotech industrial Park; Daevoo, with 104,625 SF in Querétaro Aerospace Park; Donkuk, with 92,977 SF BTS in the Finsa Querétaro Park; and INX, with 32,830 SF in the Innovación Technological Park.

Exeter, Aerotech, Vesta, Finsa and Guindi were the developers involved in these operations, respectively.

The most dynamic industrial sectors during the first quarter of 2022 were automotive and e-commerce, both with a 29% share, followed by steel with 23%, and electrical-electronics with 19%, stated Daniel Tapia.

Korea stands out as the main investor, with 36%, followed by the United States with 35%, Germany with 23%, and the Netherlands with 6%.

GUADALAJARA

The total gross absorption in Guadalajara was 1.09M SF during the first quarter of 2022. Daniel Tapia reported that there are 345,286 SF of speculative buildings under construction and 312,995 BTS.

He emphasized that the leading submarket was El Salto, with nearly 1,000,000 SF; while Zapopan and Lopez Mateos registered a total gross absorption of less than 200,000 SF respectively.

Representative transactions were made by confidential companies in the San Jorge and Kampus Industrial Parks, carried out by developers American Industries and Alveo Capital; followed by Shenzhen Minglida, for 146,138 SF in Prologis Park El Salto; Waldos, with 129,167 SF in El Salto Park II; and Ademsa, with 101,105 SF in Kampus.

Supply chain was the leading sector for investment in this market, with a 41% share, followed by automotive with 26%, food and beverages with 12%, electrical and electronics with 11%, and beauty and health with 10%. The United States, with a 44% share, Mexico (30%), and China (26%) were the most important countries in these investments.

GUANAJUATO

Gross absorption of 227,048 SF was recorded in Guanajuato during the first quarter of 2022; also, there was a total of 433,702 SF under speculative construction. Irapuato, with 120,000 SF, and Celaya, with over 100,000 SF, were the most dynamic submarkets.

Daniel Tapia noted that the representative transactions were Webasto with 121,176 SF in Vynmsa Gto, and Estándar Profil, with 105,872 SF in Amistad Bajío.

100% of the first quarter transactions in Guanajuato were carried out by companies in the automotive sector; 53% of the investment was made by Germany, and 47% by Turkey.

SAN LUIS POTOSÍ

San Luis Potosi achieved a gross absorption of 531,453 SF; and 122,941 SF in speculative building construction.

WTC, Logistik and Tres Naciones were the submarkets with the largest participation.

Companies such as Daikin (224,321 SF), Draexlmaier (134,496 SF), CWL Global Logistics (68,506 SF), Eaton (55,639 SF), and a confidential company (48,491 SF) stood out in significant transactions.

Electrical and electronics (47%), automotive (39%), and supply chain (14%) were the largest share sectors; investment was made by countries such as Japan (46%), Germany (28%), Ireland (12%), and the United States (14 percent).

AGUASCALIENTES

This market recorded an absorption of 0 SF; however, 177,642 SF of speculative buildings under construction was reported, and 43,000 SF under new inventory, BTS and BTS expansion.

Daniel Tapia also reported that Aguascalientes has an availability of 350,435 SF.