The growing preference of companies to establish manufacturing and logistics operations in places close to consumption centers has generated a demand for industrial buildings in Mexico that has promoted the development of real estate projects.

Simón Galante, president of the Mexican Association of Real Estate Fibers (Amefibra), indicated that the Mexican industrial real estate sector is experiencing rapid growth, which manages to surpass other Latin American nations, such as Brazil, Peru and Colombia.

Of interest: Industrial demand in the North of the country exceeds 1.8 million m² in the course of 2023

The Mexican territory has positioned itself as the largest industrial market in the region with approximately 73 million square meters of occupation at the end of 2022. 

"Although there are a large number of industrial parks in the country, it is estimated that more than 15 million square meters to be able to satisfy the occupancy demand in the next five years", informed the also general director of Fibra Hotel.

So far, the national territory has more than 425 industrial parks distributed in 27 states of the Mexican Republic, according to figures from the Mexican Association of Private Industrial Parks (AMPIP). This space, although considerable, is insufficient to cover the needs of national and foreign companies.

The AMPIP estimates that, between 2023 and 2025, an average of around 227 new companies will arrive per year, which would represent an annual growth of the industrial real estate segment of 9.1%, compared to the period from 2018 to 2022.

Check here: El Florido-Boulevard 2000 and Pacífico-Nordika, investment hub in Tijuana

During the first quarter of 2023, Foreign Direct Investment (FDI) was 18.636 million dollars, an amount 48% higher than that reported in the first quarter of last year, according to the Ministry of Economy (SE).

These investments have been concentrated in the central and northern areas of the country, mainly in markets such as Mexico City and Nuevo León, where the need for industrial spaces is increasing.

"The industrial real estate sector will have to invest significantly in the construction of new industrial properties, especially in areas where the availability of space is practically less than 2%. This will allow us to take advantage of the enormous boost that nearshoring brings", mentioned the president of Amefibra.

In Solili you can consult industrial warehouses available in Monterrey, Tijuana and Reynosa

Original note