By Jesica Lara, SiiLA
Being incorporated into the market and tenant statistics within Market Analytics -one of the technological solutions for the commercial real estate sector in Latin America developed by SiiLA- we find the industrial market of Mexicali, located in the Baja California peninsula.
With a vacancy rate at 0.65%, it is among the 3 markets nationwide with the lowest rate in industrial spaces in the country. Mexicali debuts with more than 2 million 400 thousand square meters of stock, distributed in 223 properties.
Within this percentage of vacancy, we find more than 14 thousand unoccupied meters in class A, and only 1,230 in class B. It is thanks to this metric that the market expects deliveries in excess of 160 thousand m2 during the rest of 2022 and all of 2023.
The most present industry in the territory is Electronics, standing out with 18%, followed by Health, Services, Food, beverage and tobacco, and Transport and logistics industries.
The main tenants include Collins Aerospace -with more than 87 thousand m2 occupied-, Honeywell, Medline Industries, Kenworth, and Technicolor. And, due to the proximity to the border, the United States is the main country in this market with more than 50% of the space.
Enter Market Analytics, a product provided by SiiLA and discover all the market and tenant statistics for this and more markets: siila.com.mx
SiiLA is the leading U.S.-based real estate company providing a suite of cloud-based information, analytics, and intelligence solutions for the Latin American commercial real estate market, with locations in Brazil, Colombia, and Mexico.