The Real Estate Investment Trusts (Fibras) own a total of 17.9 million square meters (m2) of industrial space, making it the largest real estate sector represented in their investment portfolios.

Of the 17 public fibers that operate in Mexico, Terrafina, Prologis, Macquarie, Fibra Uno, Fibra Mty, as well as Fibra Nova, Plus and Upsite, operate parks, warehouses and office buildings.

This real estate segment has had a boom in recent years given the relocation of production and supply chains to Mexico to get closer to the United States market, the so-called nearshoring.

Of interest: The impact of the low vacancy rate in Mexico City on industrial demand

"The first to benefit from nearshoring is obviously the industrial segment and we are seeing the effect on our occupancy rate of 98.0%, as well as an average rent for our industrial buildings of 110 pesos per square meter (m2) per month," said André El. -Mann Arazi, CEO of Fibra Uno.

He pointed out that the occupation in the border markets of Tijuana and  Juárez is practically 100%. Monterrey, Nuevo León, is growing in the same direction, the logistics center of  Mexico City is also close to 100% occupancy.

Fibra Uno has industrial properties that comprise 6 million m2 of rentable area, with an occupancy rate of 98% as of the fourth quarter of 2022.

For Giovanni D'Agostino, president in Mexico and regional director for Latin America of Newmark, "the market in northeastern Mexico will continue to present a stable commercialization of industrial spaces, where a strong demand is perceived in service companies, manufacturing and trade.

Check here: Querétaro doubles gross industrial demand compared to 1Q 2022

For its part, Fibra Prologis reports 225 properties for logistics and manufacturing located in six industrial markets in Mexico, with a total Gross Leasable Area (GLA) of 43.6 million square feet (4.0 million m2).

Terrafina has a total of 39.4 million square feet of GLA made up of 276 properties and 288 tenants. These properties registered an occupancy rate of 96.4% at the end of 2022.

In Solili you can consult industrial warehouses available in Saltillo, Reynosa and Chihuahua

Original note