Growth in Industrial Demand in Guadalajara

By SiiLA

Over the last year, Guadalajara has stood out in the demand for industrial space at the national level. Proof of this is the decrease in its availability rate, which, during the first quarter of 2021 presented values of 3.43% and is currently at 1.49%. The built inventory has only increased by 180,000 m2 during this period.

Currently, there is an inventory under construction of more than 250,000 m2 projected to be delivered throughout this year, of which 52% is committed, as it corresponds to Built to Suit buildings, or already have a pre-lease.

That said, within the research conducted by SiiLA, we see that there is a great investment opportunity for the development of new industrial parks in Guadalajara, especially in the El Salto submarket, to cover the high demand that has been generated since the recovery from the sanitary crisis.

The El Salto submarket, which has an availability rate of 1.89% and a built inventory of 2,567,302 m2 , is where there is the greatest interest on the part of national companies, but, above all, foreign companies, such as The Home Depot, HELLA and Coppel, to open new points of operation. During the last year, this submarket presented a net absorption of 146,000 m2, where the sectors that generated the greatest demand were: Retail, Vehicles and Parts, and Transportation and Logistics.

Developers such as Tierra y Armonía, together with G-Industrial, with the FLEXPARK® El Salto industrial park, benefited from this synergy, as 41% of the project has been commercialized in the last four quarters. FINSA is another developer that has ventured into the construction of a new industrial development, with the FINSA Jalisco El Salto industrial park, which is scheduled to deliver its first SPEC warehouse by the end of 2022.

Learn more about Guadalajara's industrial market, its inventory, as well as the rental price per square meter, at Market Analytics: