Bajío Leads Industrial Construction in 2026: What Projects Drive Its Expansion?

The industrial real estate market in Mexico showed signs of adjustment after several quarters of accelerated growth, according to the report by Datoz for the fourth quarter of 2026. However, the recovery of supply and new space availability are driving a more moderate slowdown in some regions, while the Bajío continues to stand out as the most dynamic area in terms of construction and occupancy of industrial spaces.

Bajío Leads Construction with 5% More Availability

During the first quarter of 2026, the Bajío region, which includes Aguascalientes, Guadalajara, Guanajuato, Querétaro, and San Luis Potosí, experienced a 5% growth in industrial space availability levels, reaching 1.86 million square meters (m²). The expansion of supply was crucial, as the availability rate in the region rose to 6.41%, an increase of 27 basis points. According to the real estate platform’s report, this increase is due to the incorporation of new spaces into the market, as well as the vacancy of previous properties. Furthermore, construction starts reached 204,386 m², the highest level recorded nationwide during the first quarter of the year. One of the region’s most notable developments is the Kaizen II park in Querétaro, where three speculative buildings are under construction, totaling a net rentable area of 83,927 m².

Northeast and Central Regions: Slowdown in New Projects

In contrast to the Bajío, the Northeast and Central regions of the country experienced a slowdown in construction activity during the first quarter of 2026. In the Northeast, which primarily includes

, construction starts fell drastically, registering only 52,517 m², a 86% drop compared to the previous quarter. The Monterrey market has been the only one with construction activity, highlighting a speculative building of 9,202 m² in the Guadalupe submarket, developed by Finsa. The availability rate in the Northeast has remained high in recent years, which could explain developers’ caution in initiating new projects in the region. On the other hand, construction activity in the Central region (which primarily includes Mexico City and its surroundings) also decreased in the first quarter of 2026. Only 62,957 m² in new developments were registered, representing an 85% drop compared to the fourth quarter of 2025. Despite this slowdown, the low availability rate in Mexico City suggests that there is still constant demand for new industrial spaces in the region, indicating moderate growth in the short term.

Northwest Shows Growth in New Construction

Unlike the Northeast and Central regions, the Northwest region, which primarily includes Tijuana, registered a 14% growth in construction starts during the first quarter of 2026. In fact, Tijuana accounted for 62% of the region’s construction activity, with projects such as La Herradura Park Building 1 and Santa Fe Business Park UBIQ3 standing out. The latter, developed by Grupo Frisa and Fibra Macquarie, represents an area of 15,167 m² and is an example of continuous growth in the Northwest’s real estate industry.