Future Cities

Emerging Industrial Market: Monterrey, Mexico

18 Aug 2022

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Monterrey’s proximity to the U.S. border, along with its highly skilled labor force, excellent infrastructure and robust supplier base, make it an extremely advantageous location for occupiers and investors. A surge in investment and development has made it one of Mexico’s prime industrial markets.
Ramon FloresCBRE Executive Vice President, Mexico Northeast Division

Demographics

More than 5.2 million people live within a 25-mile radius of the Monterrey metropolitan area, with a projected growth rate of 6.5% over the next five years. The important 20-to-34 age group accounts for more than 25% of the total population. Within 75 miles, occupiers can reach nearly 6.6 million consumers.

Figure 1: Monterrey Population Analysis


Source: CBRE Location Intelligence

Monterrey has a warehouse labor force of 267,875, according to CBRE Labor Analytics. The average hourly wage for a non-supervisory warehouse worker in Monterrey with one year experience is US$2.86 (base salary + mandatory benefits).

Figure 2: Monterrey Warehouse & Storage Labor Fundamentals


Source: CBRE Labor Analytics