RECOVERY OF THE INDUSTRIAL GROWTH IN NUEVO LEON
In the late nineteenth and early twentieth centuries, the founding of the Cerveceria Cuauhtemoc and the establishment of the first blast furnace in Latin America by Fundidora de Fierro and Acero de Monterrey built the foundations that would make Nuevo Leon one of the Industrial States in Mexico.
After a few years, an economic expansion began, including the glass, steel, packaging, metalworking, cement, ceramic, chemical, synthetic fibers and financial and educational industries.
Currently, the state continues to grow and an example of that is that there are 32 industrial buildings under construction in different industrial corridors of the metropolitan area.
AVAILABILITY IN NUEVO LEON
According to statistics released by Marcos Alvarez, National Director of Market Intelligence of real estate firm NAI Mexico, Nuevo Leon has 54 Class A and B available spaces giving a total of 4.52 million square feet, of which 3.64 million square feet are Class A and 608,109 are Class B buildings.
In addition, he explained that Apodaca is the sub-market with greater availability of Class A and B buildings with 2.11 million square feet.
THE INDUSTRIAL MARKET GROWS
The size of Nuevo Leon's industrial market grew by 1.98 %, comparing the second half of 2016 with the first half of 2017; now the size of the market in the state is 101.06 million square feet.
According to state officials, Nuevo Leon maintains its status as an excellent destination for foreign companies investing in Mexico due to its continued industrial growth.
In addition, local exports exceed $ 37 billion dollars a year, which positions Nuevo Leon as a prime location in northeastern Mexico.
“The skilled workforce, infrastructure, innovation and technology, strategic location and local suppliers have placed our state as the most competitive for domestic and foreign investment,” said the State Government.
On the other hand, Monterrey continues to diversify its alliances and improve its infrastructure, as six new solar projects are under construction and 13 new mixed-use developments are expected to be completed during the year, totaling an investment of $ 500 million dollars and million square feet of construction.
THE ECONOMY HAS A GOOD PERFORMANCE
The Chamber of the Transformation Industry (CAINTRA, by its Spanish initials) of Nuevo Leon emphasized that the performance of the Mexican economy during the first half of 2017 has been better than expected.
In the Analysis of Economic Situation, CAINTRA said that “the increases in growth prospects, sound public finances and lower risk perception have helped a slight acceleration of the economy.”
The private sector added that “the external sector has propped up this growth, where exports grow at rates higher than 10 %.”
On the other hand, the Chamber of the Transformation Industry said that “in the last months consumer confidence upholds a tendency to the increase.”
In addition, CAINTRA emphasized that “for the second half of the year the pace (of growth) is expected to continue.”
COUNTRIES WITH INVESTMENTS IN MEXICO
According to the NAI Mexico report, the country that brings the most industry to Mexico is the United States with 63 companies taking 39 % of the market. Likewise, it notes that North America has a presence in 14 sub-markets of the country being Mexico City where more American companies are installed.
SECTORS WITH GREATER PRESENCE IN THE COUNTRY
The industrial sector with the largest presence in Mexico is the automotive sector accounting for 34 % of the market, having 58 transactions in 10 submarkets in the country, with the states of Guanajuato and Coahuila having the most transactions.
While the metalworking sector has 12 transactions installed in the country, Nuevo Leon is the submarket that has more companies of this activity.
NATIOANAL MARKET ABSORPTION
The size of Mexico's industrial market grew by 14.30 %, comparing the first half of 2016 with the first half of 2017; now the size of the market in the Mexican Republic is 530.69 million square feet with a total availability of 5.29 %.
The NAI Mexico report also clarifies that Nuevo Leon and the State of Mexico are the states with the largest industrial market, the former accounts for 19 % and the latter 16 % nationwide, because they have the highest availability and absorption.
In the first six months of the year, 165 transactions were recorded in Mexico, giving a gross absorption of 17.09 million square feet; 50 % of the transactions are Class A and B inventory industrial buildings, 43 % of the closures are BTS (built to order) and 7 % are expansions. In addition, of the 17.09 million, 70 % of the transactions were in rent and 30 % in sale.