SLP's Industrial Real Estate Market Expands with 17,000 sqm Under Construction

According to Josué Roncancio, market analyst at Datoz Real Estate, the entity records a total vacancy rate of 6.15%, which includes immediately available spaces and industrial buildings under construction. If only spaces available for immediate delivery are analyzed, the vacancy rate stands at 5.56%. Similarly, he highlighted that the state accumulates four million square meters of industrial inventory, in addition to construction activity of 17 thousand square meters from January to September. However, the specialist warns that these figures do not include plants that various companies build directly on land acquired in industrial parks, a common phenomenon in the state. In the same period analyzed, cumulative absorption reached 52 thousand square meters, positioning San Luis Potosí as the fourth market in the Bajío region for gross absorption. He also stated that demand shows greater moderation compared to previous years; however, the trend indicates a normalization of the industrial market, with figures now approaching levels recorded before the pandemic.

Automotive, Aerospace, and Manufacturing: Drivers of the Industrial Real Estate Market in SLP

For 2025, the sectors driving the industrial real estate market in San Luis Potosí, according to Roncancio, continue to be led by the automotive and auto parts industry. These are joined by companies from the aerospace, high-precision manufacturing, light manufacturing, and plastics sectors, as well as companies dedicated to logistics and distribution.

SLP Anticipates $200 Million USD in Nearshoring-Driven Industrial Projects

The nearshoring phenomenon continues to influence the industrial real estate market in San Luis Potosí, albeit with a different dynamic than that observed during the pandemic. According to Josué Roncancio, the greatest momentum was recorded between 2020 and 2022, when the country reached historical peaks in industrial absorption derived from the relocation of production chains.

Currently, San Luis Potosí remains an active option for new investments thanks to its strategic location, logistical connectivity, and a consolidated industrial corridor. Roncancio explains that the state is promoted as an attractive location platform, which has enabled the announcement of 10 new industrial projects to be implemented by the end of 2025. These initiatives represent an estimated investment of 200 million US dollars and the creation of 1,750 jobs. The specialist details that foreign investment arriving in the state comes from the United States, Europe, and Asia, with a focus on advanced manufacturing, automotive, auto parts, and precision processes.

However, he clarifies that the current behavior no longer responds to a sudden surge of new companies, but to a different pattern: companies already operating in the region are expanding their existing spaces.

«For example, during the pandemic, one million square meters were leased, but that was not the normal market level. It was a peak. Currently, there isn’t one million square meters, but there are 500,000», explained the specialist. Furthermore, this phenomenon also includes the purchase of land adjacent to existing industrial buildings, allowing companies to expand without relocating.

The Bajío Region Consolidates Its Industrial Dynamism Due to Strategic Location

So far in 2025, the Bajío region maintains notable dynamism thanks to its strategic location, which facilitates access to multiple regions of the country. This corridor concentrates major automotive assemblers, aerospace companies, logistics operations, and manufacturing firms.

Collectively, the Bajío region integrates 28 million square meters of industrial inventory distributed across the markets of Querétaro, Guadalajara, San Luis Potosí, Guanajuato, and Hidalgo. Of this total, availability amounts to 2 million square meters, representing a regional availability rate of 5.88%, the specialist clarified.

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