The real estate markets in Latin America will continue to consolidate, mainly the industrial sector that will continue with a healthy inertia with a projection of positive evolution. Similarly, growth is expected in the office sector, where hybrid and plug and play models will continue to be a trend.

In the analysis of 'Prospects 2023 of the real estate market', prepared by Newmark Latin America, it is highlighted that countries such as Argentina, Colombia, Brazil, Costa Rica, Colombia, Chile, Peru, Panama and Mexico will continue with strong activity in the industrial market.

Check here: Industrial demand for the shoal in 2022 exceeds that reported in 2021 by 55%

Regarding the industrial real estate market in Mexico, during 2022 a historic boom was observed. Vacancy rates have never reached such low levels and, consequently, rental prices, which have already broken all records, continue to rise. But in 2023 it will face a shortage of industrial spaces in most markets, where all the existing demand cannot be met.

For their part, the office markets in our country have shown a significant recovery throughout 2022, and their performance is optimistically expected for 2023, where absorption returns to pre-pandemic levels in some markets, although prices Income rates remain relatively depressed, but are not expected to trend downward. A favorable market for renters is projected for a couple more years.

Being an open economy, Mexico benefits from the network of free trade agreements, guaranteeing access to international markets, where investment potential is favored in sectors such as auto parts, machinery, chemicals, electronics, and food, which represent a magnificent opportunity for investors.

Of interest: The supply of speculative industrial buildings in the country continues to be insufficient

Much of the country's economic recovery has been driven by the manufacturing industry, since it is the most important sector in terms of its contribution to the economy. In addition, it has maintained almost constant growth since the third quarter of 2020.

Also noteworthy is wholesale trade, which is the fifth largest sector of the economy and represents around 9% of the national GDP. It was one of those that experienced the greatest contraction during 2020.

As of 2023, D'Agostino said, "we await it with optimism and with the certainty that, despite the caution in investments, they will continue to be recorded in the industrial field, as well as full confidence in the recovery of the office market at throughout Latin America, taking advantage of the need for new latitudes not only for distribution issues, but also for technology and call centers”.

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

Original note