At the close of Q2 2026, Mexico’s industrial real estate market continued to show varied performance as the year progresses, in an environment shaped by tariff caution and a gradual adjustment in availability levels across different regions of the country.
In this context, the Northwest region — comprising the markets of Tijuana, Mexicali, Chihuahua, Ciudad Juárez, Hermosillo, and Nogales — has gained prominence within the industrial sector, driven largely by the growth of advanced manufacturing and the arrival of new digital infrastructure.
Vacancy Advances at a Moderate Pace
During the second quarter of 2026, the Northwest region’s vacancy rate stood at 8.24%, equivalent to 2,084,507 m² of vacant space. This figure represents an increase of 50 basis points compared to Q2 2025 and year-over-year growth of 5.23%, confirming an upward trend in vacant supply — though without signs of a slowdown in demand, explained Carlos Ríos, real estate analyst at Datoz.
Manufacturing and Technology Drive Absorption
In terms of occupancy activity, the region recorded gross absorption of 191,623 m² during the quarter. This performance was driven primarily by manufacturing company operations and by the commissioning of the first data center in the Tijuana market — a development that reinforces the region’s role as an attractive destination for technology infrastructure projects.
In Tijuana specifically, gross absorption reached 92,825 m². Among the quarter’s most notable transactions were Daikin, with 65,480 m² at HubsPark Technology Campus, and DIMSA, with 22,784 m².
Meanwhile, Ciudad Juárez consolidated its position as a key market for specialized manufacturing and cross-border supply chains, driven by logistics and electronic components operations — with Harman Kardon and EP Logistics standing out at the Juárez Industrial Center complex. Inventory remained unchanged at 8 million m², while gross absorption reached 76,000 m².
Inventory Maintains Its Expansion Pace
The region’s industrial inventory reached 25 million m², representing 1% growth compared to Q2 2025. The arrival of the first data center in Tijuana signals an important step in market diversification, broadening the profile of companies seeking to establish operations in the city.
According to Carlos Ríos, the Northwest industrial market continues to navigate an adjustment period influenced by geopolitical factors — particularly uncertainty surrounding the USMCA and U.S. tariff policy. Despite this environment, large-scale transactions reflect that the region retains its appeal for strategic projects.
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