Nearshoring Promotes the Boom in Construction of Industrial Parks in the Bajío Region

Construction and development of new industrial space in the region known as el Bajío — which includes the states of Aguascalientes, Guanajuato, Querétaro, and San Luis Potosí — is booming, pushed in large part by nearshoring in the car manufacturing industry.

As of the end of September, 455,000 square meters of industrial space was reportedly under construction, an increase of 36% compared to the same period of 2021.

The demand from automotive and light manufacturing industries will continue thanks to the region’s advantages in location, labor force, and infrastructure. 

According to Forbes México Magazine, companies in developed countries are betting on nearshoring to increase efficiency and reduce costs. Companies looking to transfer their operations closer to their main destination markets in response to continued supply chain disruptions such as the Russia-Ukraine war and COVID-19 are turning to Mexico.

According to CBRE, the Bajío is one of the top areas in the country in terms of land availability for building industrial warehouses as much as northeastern industrial powerhouses like Monterrey, Nuevo León, and Saltillo, Coahuila.

According to the Economy Ministry, the Bajío region, which includes 19% of all industrial space in the country, totaled US $2.7 billion of foreign direct investment (FDI) in the first semester of the year, surpassing by 9% the amount collected in the same period of 2021.

When considering nearshore manufacturing, your expansion and site selection teams can benefit from collaborating with a Mexican shelter company such as Co-Production International. CPI has the know-how and contacts to assist you in making the best decisions for your Mexico manufacturing expansion project.

Contact us with any questions (855) 480-0837