Tijuana has become a key point for doing business in Mexico, as it registers a high demand for industrial warehouses for the installation of investments from Asia and Europe, according to Lyman Daniels, president of CBRE Mexico, a commercial and real estate services company. investment.
“The Tijuana industrial market is one of the most active nationwide and has established itself as the fourth largest border market, with an inventory of class A industrial warehouses close to 4 million square meters,” he stated.
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He explained that for years, Tijuana has enjoyed a good strategic location on the northern border of Mexico and has one of the main border crossings in the world for California, considered the fifth largest economy in the world.
“The strong demand for spaces has encouraged the construction of new developments, with 300 thousand square meters currently being developed and a similar figure in the planning phase,” he recalled.
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“In 2024, the availability rate has increased to 3.6 percent after 36 months of historical lows, driven by intensive demand for existing spaces and by pre-leasing of speculative warehouses or build-to-suit developments,” he indicated.
Faced with this industrial boom, CBRE strengthened its operations in the municipality of Baja California.
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