Industrial warehouse rental prices in Tijuana have been declining due to the uncertainty generated by the imposition of tariffs on products exported from Mexico to the United States, said Lourdes Inzunza, an industrial real estate specialist.
She noted that companies exporting to the United States based in Tijuana have stopped leasing or canceled long-term leases for industrial warehouses. Others that were scheduled for 2025 have since fallen through.
She added that they hope this increased supply of industrial space is a temporary situation and that everything will return to normal in the short term, once the Mexican and United States governments reach an agreement.
Regarding the interest in purchasing land for the development of industrial warehouses in the city of Tijuana, she noted that the opposite is true, as investments continue regularly and letters of intent are being finalized.