The city closed the third quarter of the year with 1.2 million square meters sold<\/p>\n
The occupation of industrial warehouses in Mexico City and its metropolitan area once again reached historic levels so far in 2024, driven by the demand for space by the logistics sector and electronic commerce (e-commerce).<\/p>\n
According to the “MarketView Industrial” report by the consulting firm CBRE, the region closed the third quarter of the year with 1.2 million square meters (m2) sold, a figure 55% higher than that recorded in the same period in 2023.<\/p>\n
The Metropolitan Area of \u200b\u200bMexico City has become the main recipient of foreign direct investment in the months of 2024, concentrating 46% of the total national participation, according to data from the Ministry of Economy.<\/p>\n
The United States is the country with the highest investment participation in Mexico, as it contributes 44% of the resources, followed by Germany (11%) and Japan (9%). Infrastructure, costs, labor, and connectivity have been key to this dynamic.<\/p>\n
In addition, the logistics sector remains the main player in the activity in the industrial warehouse market, with 59% of the operations carried out in the area, and e-commerce activity (29%) is increasingly gaining ground in occupation, according to CBRE.<\/p>\n
The Metropolitan Area of \u200b\u200bMexico City has become the main recipient of foreign direct investment in the months elapsed in 2024, concentrating 46% of the total national participation, according to data from the Ministry of Economy.<\/p>\n
The United States is the country with the highest investment participation in Mexico, as it contributes 44% of the resources, followed by Germany (11%) and Japan (9%). Infrastructure, costs, labor, and connectivity have been key to this dynamic.<\/p>\n
In addition, the logistics sector remains the main player in the activity in the industrial warehouse market, with 59% of the operations carried out in the area, and e-commerce activity (29%) is increasingly gaining ground in occupation, according to CBRE.<\/p>\n
Expectations in the AIFA<\/p>\n
The industrial warehouse sector in Mexico City has registered historic figures in the last two years, with occupations that have reached 1.2 million m2. For 2024, it is expected to exceed 1.4 million m2, according to CBRE.<\/p>\n
In addition, space availability rates also remain at record lows, but corridors such as Zumpango-AIFA (Felipe \u00c1ngeles International Airport) with their incorporation into the market and new large-format projects are expected to help increase supply.<\/p>\n
\u201cIn the current market cycle in the city, it will be important to see growth in the Metropolitan Zone and the new Zumpango-AIFA corridor in the coming months, as well as the northern area at the exit of the city to Quer\u00e9taro,\u201d the report reads.<\/p>\n
Construction of spaces
\nAs a result of all the activity, the start of new constructions has also been constant. During the third quarter of the year, more than 181,000 m2 were started in the corridors: Cuautitl\u00e1n, Tultitl\u00e1n, Vallejo and Iztacalco.<\/p>\n
In addition, it is estimated that more than 2.2 million m2 will begin construction starting next year, most of these projects belong to custom developments or Built to Suit (63%), the rest would be speculative projects.<\/p>\n
\u201cEven with the strong activity in construction, it is expected that the vacancy indicator will remain low due to the pre-leasing trend in the market. The Cuautitl\u00e1n-Tultitl\u00e1n-Tepotzotl\u00e1n corridor is at its lowest point in history, with a combined decline of 0.8%,\u201d CBRE added.<\/p>\n