Global Spotlight - Monterrey, Mexico
Prime location, reputation for automotive, home appliance, electronics, metal fabrication and steel clusters, keeps Monterrey thriving.
Many of Mexico’s top corporations, as well as a number of global firms, are headquartered in Monterrey. The city’s strong industrial presence has prominence in sectors including cement, glass, auto parts and beer.
Monterrey offers more than 40 industrial parks where industrial lease rates have not risen significantly and developer flexibility gives tenants a variety of options. Vacancy rates are currently hovering near 10%. The office market has experienced positive growth with vacancy rates ranging from 10% to 12%.
Monterrey serves as a logistics hub for much of Mexico, and recently ranked as the country’s second leading rail center. NAFTA highway rail and truck shipments reach Monterrey from the Texas border crossings at Laredo and McAllen in fewer than three hours; San Antonio is less than five hours by truck. Air service links Monterrey to major cities across Mexico and the globe.
The region ranks high in Mexico’s standard of living due to its security, cultural environment, medical and healthcare facilities, entertainment alternatives, wealth and income per capita, educational institutions and geographical location. Notably, Nuevo Leon boasts a highly skilled work force, both in traditional industrial sectors as well as services and technology.
Mexico is always lovely to watch..
Posted by: Shane | October 13, 2008 at 06:26 AM