Greater Monterrey is second only to Mexico City in its industrialization
and world class production of steel, glass, cement, plastics, chemicals and
other industrial products.
Monterrey has been the industrial leader of northern Mexico for over 100
years, and it is one of the few cities in the interior of Mexico capable of
handling large-scale operations. Any company with plans to establish an
operation in Mexico should seriously consider Monterrey.
The State of Nuevo Leon, the City of Monterrey and various public and
private economic development organizations have focused their emphasis on
bringing for-export manufacturing to Monterrey. These efforts have been
successful beyond most expectations with Monterrey now a magnet for foreign
investment.
Market
Composition
Industrial
Monterrey's
industrial market is divided in six industrial areas (industrial corridors) :
Apodaca, Santa Catarina, San Nicolás, Escobedo, Cienega de Flores and Guadalupe
corridor.
Recently
Monterrey's industrial market has reported significant activity in Build to
Suit projects, and most of them located in the Metropolitan Area's industrial
parks. Speculative transactions in buildings have been limited both in terms of
number
Office
The
office market in Monterrey is distributed in six corridors: Valle, Valle
Oriente, Margain Gómez Morin, Santa María, Insurgentes-San Jerónimo-Constitución
y Monterrey Centro.
The
Valle Oriente and Constitucion zones have undoubtedly consolidated themselves as
the city's corporate corridors. These two areas are characterized by large-scale
projects and, possess a better road infrastructure than the rest of the city.
Meanwhile, the Valle zone continues to be significantly attractive for
smaller-scale corporate developments in view of density levels, land
availability, costs and strict regulations on building guidelines.
Retail
There
are good market opportunities in the commercial sector, based on positive
results and the growth of new zones in the Monterrey metropolitan
area.