Queretaro industrial vacancy fell slightly to 4.8% at the close of 2025, compared to 4.9% in the prior quarter but higher than the 4.6% recorded one year ago. The market remains stable with a steady influx of capital, recording 30 billion pesos in total domestic and foreign investment throughout 2025. These investments have primarily targeted the automotive, information technology, and agri-food sectors. Gross absorption for the quarter reached 1.1 million SF, while net absorption turned positive at 0.1 million SF after two consecutive quarters of negative performance.
Total market inventory reached 86.5 million SF by year-end 2025. Average asking rents rose to $6.69 USD/SF/Year, an increase from both the previous quarter ($6.56) and the previous year ($6.29). A critical development for the region’s industrial growth was the inauguration of the El Sauz II Combined Cycle Power Plant, which added 269 MW to the local grid. This project addresses a major historical constraint by narrowing the gap between increasing electricity demand and installed capacity, which is expected to facilitate further industrial expansion through 2026.
Download Queretaro Industrial Market 4Q 2025