Saltillo is the number one city in Mexico when it comes to nearshoring

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The mayor of the city, José María Fraustro Siller, announced that Saltillo has reached the first position in the country due to its outstanding demand in the industrial real estate market.

According to data provided by the American multinational company CBRE, which specializes in real estate solutions, the city of Saltillo has positioned itself as the main choice for Nearshoring investments in Mexico during the first half of 2023.

The mayor of the city, José María Fraustro Siller, announced that Saltillo has reached the first position in the country due to its outstanding demand in the industrial real estate market. Nearshoring, a global trend in which companies transfer part of their production process to countries close to their borders to optimize their supply chains, finds a strategic place in Saltillo in the Mexican geography.

“ This prestigious investment and commercial real estate services company, a world leader, reports that the capital of Coahuila leads the demand for Nearshoring in Mexico, with more than 265,000 square meters sold in the first six months of this year”, highlighted Fraustro Siller.

Saltillo has absorbed 33 percent of the demand for spaces for industrial buildings, followed by Ciudad Juárez, Chihuahua, with 25 percent, and Monterrey, Nuevo León, with 15 percent of the market in Mexico.

Mayor Fraustro Siller emphasized that this achievement is the result of joint work focused on strengthening key areas such as economic development, security, and labor formality, in collaboration with the government of Miguel Ángel Riquelme Solís.

Mario Mata Quintero, director of Economic Development and Tourism of Saltillo, stressed that the automotive sector is the main driver of the demand for Nearshoring in the country. Saltillo is distinguished by attracting numerous investments and companies oriented to serve the North American market, in addition to hosting new production lines of already established companies.

Mexico, together with the southeastern region of the state, has consolidated its position as the main supplier of auto parts for the United States, increasing from 42 percent in the last four years to 46 percent at the end of the first half of 2023.

“Saltillo has become the most relevant industrial market in Mexico, leading the expansion of the automotive sector over other prominent markets in different states of the Republic,” said Mata Quintero.

Source: Vanguardia

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