Summary The bajío-western region (Aguascalientes, Guadalajara, Guanajuato,
Querétaro and San Luis Potosí) closed the third quarter of 2020 with a total inventory of 235.1 million ft2, a 2.24% year-over-year increase. By the end of 3Q-2020, the region’s vacancy rate was 7.11%, around 16.7
million ft2. Guanajuato’s vacancy rate stood at 8.75% and Querétaro’s rate at 8.04%. YTD gross absorption totaled 6.1 million ft2, meanwhile 3Q-2020 recorded a gross absorption of 2.2 million ft2. Weighted average asking and closing prices both ended 3Q at $0.39
USD/ft2/month. During the 3Q-2020, construction starts in Querétaro and Guanajuato recorded 683,411 ft2.
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3Q20 Bajío-Western
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