Guadalajara Industrial Market
Guadalajara industrial vacancy fell to 1.6% at the close of 2025, down from 2.1% in the prior quarter and 2.8% one year ago. The market is navigating a climate of caution and volatility influenced by global macroeconomic trends and domestic policy shifts. Gross absorption for the quarter reached 1.0 million SF, a significant increase from the 0.5 million SF recorded in 3Q25. Despite this, net absorption remained negative at -0.5 million SF for the quarter.
Total market inventory reached 73.2 million SF by year-end 2025. Construction activity has surged, increasing by 30% year-over-year to reach 4.0 million SF, with a heavy focus on speculative warehouses. Three industrial parks have initiated new construction phases to meet demand. Notable activity included the completion of Phase 2 at Plataforma Park, which triggered the launch of its final phase.
Average asking rents for completed warehouses rose to $8.73 USD/SF/Year, representing a 12% increase compared to the previous year. Regionally, while the food and plastic-rubber sectors saw negative foreign investment, the electronic equipment and automotive sectors in Jalisco increased their investments. Looking ahead to 2026, the local economy is projected to grow by 1.2% following a 0.7% growth rate in 2025, though factors like trade uncertainty and moderated private consumption continue to shape market dynamics.
Download Guadalajara Industrial Market Report 4Q 2025