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The industrial real estate market in Mexico saw a decline in new construction starts and gross absorption of industrial buildings during Q3 2024 compared to the previous quarter. However, the country’s 21 most active markets continue to perform well when comparing the year-to-date totals with the…
Read moreLogistics and parcel companies have established operations in border industrial real estate markets to take advantage of the cross-border trend. These markets include Tijuana, Ciudad Juárez, Reynosa, Nuevo Laredo, and Nogales. Among the companies that have set up operations are Maersk, Ryder, DSV…
Read moreIn recent quarters, the Huehuetoca – Zumpango industrial real estate submarket has become a key area for logistics in Mexico City. This is due to a combination of factors such as the availability of industrial buildings and land compared to other corridors like Cuautitlán, Tultitlán, and…
Read moreThe industrial real estate market in Tijuana performed well during 2Q 2024, driven by a renewed demand for built-to-suit (BTS) industrial buildings for lease and sale, as well as subleases. This follows three quarters of weak numbers. From April to June 2024, Tijuana recorded a total gross…
Read moreDuring the second quarter of 2024, built-to-suit (BTS) industrial buildings drove the start of construction in the Northwestern region, which includes the markets of Ciudad Juárez, Chihuahua, Hermosillo, Mexicali, Nogales, and Tijuana. After two quarters (4Q 2023 and 1Q 2024) with construction…
Read moreAfter three offers, the real estate investment trust (Fibra in Spanish) Prologis successfully acquired 77.14% of Terrafina’s real estate trust certificates (CBFIs in Spanish) through a public acquisition offer (OPA in Spanish), which involved exchanging CBFIs at a ratio of 0.63x and a cash…
Read moreConstruction starts of industrial buildings nationwide recorded a 24% contraction during 2Q 2024 compared to the previous quarter. This is the second consecutive quarter with a downward trend in industrial construction, driven by caution from developers due to the election year and the need for…
Read moreFrom January 1 to April 15, 2024, the Ministry of Economy identified 93 investment announcements with an expected investment of $36.153 billion USD, 16% of which will be allocated to Querétaro. Consequently, this industrial real estate market leads these investment announcements. In this context,…
Read moreThe office real estate market performed well during 2023, achieving record gross absorption levels starting in 2020, even surpassing pre-pandemic levels. Meanwhile, the availability and vacancy rate of corporate spaces decreased. In this regard, the first quarter of 2024 continued this trend with…
Read moreThe nearshoring has led to a significant demand for industrial buildings in the country, especially in border cities such as Tijuana, Ciudad Juárez, and Reynosa. In addition to other factors, this has directly impacted the industrial spaces’ lease price in these real estate markets. Only after…
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