Fibra Prologis, an investment trust in logistics and industrial real estate, will invest 400 million dollars to expand its portfolio of parks and industrial buildings, given the accelerated demand for nearshoring in most of its markets, mainly those on the border such as Monterrey, Tijuana y Ciudad Juárez.

Luis Gutiérrez, president of Fibra Prologis in Latin America, pointed out that the demand for industrial spaces has doubled since the pandemic and has exhausted the number of warehouses for manufacturing and logistics companies at historical levels, so they will be ready with new investments to meet the needs of nearshoring.

Consult here: South submarket of Ciudad Juárez, epicenter of industrial investment

And he added that Fibra carried out a follow-on of 400 million dollars for new projects. "The investment program is a little bigger, it will be around 7 or 8 million square feet that we are going to do between the rest of the year and the year that enters the different markets," he explained.

Fibra Prologis meets the demand in the most important markets of the border and the three main cities of the country (Mexico City, Monterrey and Guadalajara). Gutiérrez highlighted that unemployment on average is around 1.5 percent and new space is urgently required for the relocation of companies from Asia.

"The markets are very tight because there is much more demand than supply, so occupancy is very high, our portfolio is close to 98 percent rented, there are 5 million square meters, normally there should be between 4 and 5 percent vacancy" , said.

Of interest: With strong construction, Tijuana leads the start of projects on the border

He pointed out that "the moment Mexico is experiencing" in terms of nearshoring is external, it depends on the decisions of hundreds of companies that come to settle in the country; however, he stressed that as in the case of Tesla, foreign investment trusts the country's conditions to settle.

“It is a lasting issue, it comes from outside, this Mexico's moment is a change from the outside in, it is a great situation and we are doing everything possible to be able to capture it,” he said.

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

Original note