The Monterrey industrial market had 666,000 m² under construction in Q3 2026, up 28% from Q2 across 22 buildings, according to CBRE’s Market View report.
Developers started 220,000 m² in the quarter; Ciénega de Flores, Apodaca and Escobedo accounted for 85% of those starts. Vacant space fell from 1.22 million to 1.11 million m², lowering the vacancy rate from 6.8% to 6.1%.
Net absorption trails 2025
Net absorption totaled 552,000 m² through Q3, and El Economista reports that it remained below the comparable 2025 level. The quarter pairs a larger construction pipeline and lower vacancy with a slower year-on-year occupancy measure; construction starts alone do not show how much new space has been filled.
- Active construction: 666,000 m² across 22 buildings, up 28% quarter over quarter
- Q3 construction starts: 220,000 m²
- Three municipalities held 85% of Q3 starts
- Vacancy: 6.1%, down from 6.8% in Q2
- Net absorption through Q3: 552,000 m², below the same 2025 period