The size of the industrial market in Guanajuato grew 15 % more compared to the third quarter 2018, said Marcos Alvarez, business intelligence director in Market Analysis.


“There is an industrial offer in Mexico of 46.22 million square feet with a vacancy of 6.84 %, the main submarket with higher availability is Silao with 1.34 million square feet,” he detailed.


He said that to the third quarter of 2019 were accounted for 16 transactions in Guanajuato, giving a gross absorption of 856,000 square feet, 60 % transactions are of class A and class B inventory industrial buildings, expansions 25 % and BTS 15 percent.


Of the 856,000 square feet, 78 % of the transactions were on lease and 22 % on sale.

 

MARKETS WITH HIGHER ABSORPTION


According to Alvarez, Silao was the submarket with higher absorption in the third quarter of 2019, accounting for 311,000 square feet.


“This resulted from an automotive supplier. The main customers settled in Guanajuato during the third quarter of 2019 were NKP, MacAuto, and Victory Packaging, among others,” the director referred.


The next submarket with higher absorption in Guanajuato is the one in Celaya, with 28 % of the market. Then come Leon, Irapuato, and Salamanca.


Regarding the origin of investment, the countries with the highest presence in the state of Guanajuato are the United States, Japan, Germany, Taiwan, France, and the United Kingdom. The main sectors are automotive, logistics, plastic and warehouse.


Marcos Alvarez noted that the availability in Guanajuato has 30 existing Class A and Class B spaces, resulting in a total of 3.21 square feet.


Meanwhile, in buildings on construction for inventory industrial buildings are five, giving a total of 595,000 square feet.


NATIONAL SCENARIO


The business intelligence director in Market Analysis explained that the size of the industrial market of Mexico as a country that grew 14.30 % more compared with the third quarter of 2016, currently the size of the industrial market in Mexico is of 580.74 million square feet, giving a vacancy of 3.96 percent.


“The main submarkets with larger size are the ones in Monterrey with 19 % and Mexico City with 16 % this is because those are the main cities with higher vacancy and absorption in the country.”


During the third trimester of 2019 were accounted for 107 transactions in all Mexico resulting in a gross absorption of 20.19 million square feet, 65 % of the transactions are of inventory class A and class B industrial buildings, 23 % of the closings are of BTS and 12 % of expansions.


Of the 20.19 million square feet 91 % of transactions were on lease and 9 % on sale.


The country that more industry brings to Mexico is the United States, with 81 companies, taking 52 % of the market. It is present in 14 markets of the country, being Mexico City the place where more American companies are settled.


Alvarez detailed that the industrial activity with the highest presence in Mexico is the logistics sector, with 39 % of the market and with 81 transactions in 10 submarkets in the country.


Mexico has 265 Class A and Class B spaces available, resulting in a total of 24.05 million square feet, of which 18.13 million square feet are Class A and 5.92 million square feet are Class B buildings.


He added that there are 53 buildings in construction in all Mexico, which gives a total of 7.85 million square feet.

 

PROBAJIO, PROMOTING THE REGION WORLDWIDE


According to Diego Sinhue Rodriguez Vallejo, governor of Guanajuato, during the last 10 years, the state has grown 4.4 % average; and expectations are to continue the development and arrival of new investments.


He said challenges of the national and world economic scenario demand joining forces. For that, the Bajio-Centro-Occidente alliance was created where the government of Guanajuato, Queretaro, Jalisco, Aguascalientes, and San Luis Potosi governments united to encourage the region as a world power.


Rodriguez Vallejo announced that each one of the states in the alliance contributes 10 million pesos to integrate a version of a ProBajio where the region will be promoted in the world and attract new investments.


Mauricio Usabiaga Diaz Barriga, head of the Ministry of Sustainable Economic Development (SDES, by its Spanish initials) referred that as of the year 900 million dollars arrived in Guanajuato.


“We are doing great; we currently have 900 million dollars in the year, the objective was to reach 5,000 million for the sexennial, we will reach our goal,” he noted.

There are more than 2,000 hectares available to bring the best companies worldwide.


In Guanajuato, industrial parks are fundamental pieces of the region’s development. It has world-class complexes in the entire industrial corridor, from Apaseo to Leon. New economic poles have also been detonated outside the industrial corridor.


“We are ready, we hope the USMCA is signed soon to continue attracting more world level companies because here we have great potential for Guanajuato and Mexico as result of the commercial war between the United States and China,” he asserted.


The secretary explained that they are working to reach higher competitiveness and growth in Guanajuato by encouraging knowledge.


“Remember that we are not only interested in attracting companies, but we would also like well-paid jobs, that is why the governor talks about mindfacture, which is synonymous with innovation and added value,” he emphasized.

 

More information:


Marcos Alvarez

Director of Business Intelligence 

Phone: (81) 5998.2348

In: Market Analysis 

info@marketanalysis.mx 

www.marketanalysis.mx