Tijuana’s industrial real estate market has attracted new investments from all around the world, creating a rise in prices and occupation. Tijuana stands out for connecting with the United States border to the north, the Pacific Ocean to the west, and being the only direction for expansion continues to be the southeast of the city. New developers continue to focus their investment on build-to-spec Class A buildings. Boulevard 2000 has become a strategic area as it offers access to Tecate, Rosarito, and the commercial gate of Otay. Here are the facts:
- Rent is at 7 dollars/m2 by Central and Florido-Blvd 2000 area
- More than 75% of the almost 230 thousand square meters under construction are leased or in letter of intent
- Availability rate is at 0.05%, the lowest in the last 5 years
- Otay-Alamar cuenta con el mayor inventario (2.1 millones de metros cuadrados) y una ocupación del 100%
Don’t worry there’s good news too. Growth is projected for the industrial footprint in the Alamar area, due to more operations by global companies along with an increase in demand as the new OTAY II port of entry which will enhance border-connectivity. It’s expected to start operations between the end of 2024 and the beginning of 2025.
Currently, construction projects are concentrated in Florido-Blvd 200 area with more than 196 thousand m2 and 100 thousand more that started at the end of 2021. Many projects are underway 2022 second trimester and will have impact on these figures. The market sells land starting at 120 dollars per m2 and goes up to 150 to which has created inclination.
The Tijuana market is followed by the Tecate market, which has 29,000 m² under construction and an availability of 6,200 m², and represents 1.3% of the market.
As visionaries of business growth, G-Global’s history demonstrates how we have valued and proven Tijuana’s strategic location is a bridge to expansion. We are happy to share exciting news, we are transforming more than 228K ft2 to guarantee your growth. We bring efficiency to all supply chains, no matter the challenge, industry or size. Find your place and future in Tijuana’s industrial market, here at G-Global!