The Mexican industrial real estate market closed the third quarter of 2026 (3Q26) with an inventory of 109 million square meters (m2) , representing a 4 percent year-over-year increase. However, the vacancy rate reached 6.28% , an increase of 115 basis points compared to the same period in 2025, while vacant space reached 805,000 m2, 55% more than in 2025, according to Datoz .
Despite this trend, gross absorption of industrial space reached 1.3 million m2 during the quarter in question and totaled 3.4 million m2 between January and September. Monterrey accounted for 30% of national activity, followed by Mexico City with 26%.
By type of activity, logistics accounted for 52% of operations , while electrical equipment manufacturing and transportation accounted for 13% and 11%, respectively.
Differences between regions
Market performance showed regional contrasts. In the central region , gross absorption reached 332,194 m2, an annual increase of 150.8%, driven primarily by logistics operations in Huehuetoca-Zumpango, Cuautitlán, and Toluca. In contrast, the northwest region registered 197,023 m2, an annual decrease of 6%, while the vacancy rate reached 9.27%, the highest in the country.
In specific markets, Tijuana showed a vacancy rate of 11.18%, accompanied by an 81% year-over-year increase in vacancies. Monterrey registered an approximate gross absorption of 380,000 m2 and an 18% reduction in vacancies, although its vacancy rate increased to 8.09%.
Logistics accounts for more than half of the activity
Among the main transactions of the quarter were Samsung , with 55,000 m2 in Huehuetoca-Zumpango; Navistar , with 40,000 m2 in Escobedo, Nuevo León; Industrias Eléctricas AG , with 35,942 m2 in Tijuana; and Inventec , with 35,843 m2 in Ciudad Juárez.
On the supply side, construction starts totaled 655,863 m2 nationwide during Q3 2026, of which 84% corresponded to speculative developments.
Thus, the industrial market continues to incorporate spaces while demand shows significant differences between regions and productive activities.
Comment and follow us on LinkedIn: @GrupoT21
