Overview of the Industrial Warehouse Market in Monterrey
The industrial warehouse market in Monterrey is experiencing a period of adjustment following the post-pandemic boom driven by the “nearshoring” trend. Tariffs imposed by the United States have led to a slowdown in occupancy and a decline in new construction projects.
According to data from consulting firm Solili, by the end of July 2025, the industrial real estate development in Monterrey’s capital was below 1.7 million square meters (m²), its lowest level since 2023.
Breaking the Upward Trend
This decline breaks over a year of construction levels close to 2 million m², reflecting a rapidly growing market fueled by the global reconfiguration of supply chains.
“The slowdown in industrial demand is partly due to the global economic context and international tariff policies, which have particularly affected northern Mexican markets,” stated Solili.
Increasing Availability
While a couple of years ago, numerous national and foreign companies were on waiting lists to set up in one of the few available spaces in Monterrey’s industrial parks, tariffs have altered the landscape.
The availability of industrial warehouses in Monterrey surpassed 1.1 million m² in the first half of 2025, positioning the city as the market with the highest free inventory in the country.
“In light of this new scenario, developers have chosen to reduce the start of new constructions and focus on existing offerings,” highlights the Solili report.
National Leader
In July 2025, Monterrey recorded an absorption close to 65,000 m² of industrial warehouses, a more moderate pace compared to the previous year’s dynamism.
Despite the slowdown, Monterrey remains the market with the highest volume of industrial construction in the country, as it concentrates 35% of the national total. This is why both state and federal governments aim to maintain the entity’s position in the economic ecosystem.
Federal Deputy Alfonso Ramírez Cuéllar reminded that, from the federal budget approved for this year, Nuevo León will receive over 293 billion pesos allocated to infrastructure under the Plan México, proposed by President Claudia Sheinbaum to boost “nearshoring”.
Among the projects are the Saltillo-Monterrey-Nuevo Laredo train, which will connect the region at speeds up to 200 kilometers per hour, as well as the Comisión Federal de Electricidad (CFE) investment in new transmission lines and improvements to the metropolitan electrical grid.
“We continue working towards a fairer state with opportunities. Nuevo León is a key piece in the country’s development, and we will ensure its families have better infrastructure, security, and more support for agriculture,” said Ramírez Cuéllar.
It’s worth noting that companies like Continental, Toyota, General Electric, Vitro, Siemens, LG, Whirlpool, Lego, and Pepsico already have operations in the state.
Key Questions and Answers
- What is causing the slowdown in Monterrey’s industrial warehouse market? The primary cause is tariffs imposed by the United States, which have led to a decrease in occupancy and new construction projects.
- How has the availability of industrial warehouses changed in Monterrey? The availability surpassed 1.1 million m² in the first half of 2025, making Monterrey the market with the highest free inventory in the country.
- What is Nuevo León’s position in industrial construction in Mexico? Monterrey concentrates 35% of the national total, making it the market with the highest volume of industrial construction in the country.
- What infrastructure projects are being supported by the federal government for Nuevo León? Projects include the Saltillo-Monterrey-Nuevo Laredo train and investments in new transmission lines and electrical grid improvements by the Comisión Federal de Electricidad (CFE).
