Fibra Upsite, dedicated to the leasing of industrial warehouses, reported that the occupancy of its real estate portfolio closed at a rate of 92.8% at the end of the third quarter of 2023 (3Q23) compared to the same period a year ago.

Regarding its income, it said that the amount collected from leasing amounted to 54.2 million pesos (mdp), an increase of 70.3% compared to 3Q22. The Net Operating Income (ION) was 44.9 million pesos, representing a growth of 78.1 percent.

See also: Solili Industrial Report October 2023, Tijuana, MTY, Saltillo, CDMX and Querétaro lead demand

He highlighted that nearshoring will continue in the medium term thanks to factors such as the scarcity of qualified labor in China, increases in labor costs in that country, high logistics costs and the advantages of the T-MEC to strengthen supply chains. from North America.

As of September 30, 2023, Fibra Upsite's total portfolio consisted of 10 industrial properties with a profitable area of 1205,335 square meters (m2), located in the cities of Tijuana, Ciudad Juárez and Tlaxcala.

The industrial real estate market maintains notable strength, particularly in the border region;  Ciudad Juárez and Tijuana are very close to their historical highs in terms of occupancy and rental prices per m2, indicated Rodolfo Balmaceda, general director and president of the Technical Committee of Fibra Upsite.

Of interest: Monterrey is shown as the most dynamic market in terms of industrial investment

This solidity is due to the limited availability of spaces ready to be occupied, the high cost of land and the availability of services, such as water and electricity.

Regarding operational progress, the Fiber said that it delivered a building in Tlaxcala, which has a Gross Leasable Area (GLA) of 31,920 m2.

Regarding Building VI in Ciudad Juárez, it has been completed and has an availability of 14,900 m2 of the total 34,237 m2 of gross leasable area.

At Solili you can consult industrial warehouses available in Reynosa, Mexicali y Tecate

Original note