Vacant industrial space in Monterrey reached over 1 million m², tripling from last year as developers pause amid weaker demand and trade uncertainty.
Monterrey’s reputation as Mexico’s manufacturing powerhouse is hitting a speed bump. A new report by Solili finds that available warehouse space in the city has more than tripled in the last year, topping 1 million square meters and pushing the vacancy rate to 5.4% by the close of June 2025.
Developers raced to build “speculative” facilities—warehouses erected before lining up tenants—at the height . . .
