Fibra Prologis reported that in the April-June period of 2020 (2Q20), it obtained an income collection of 97.9%. Although he noted that despite the positive operating conditions in Mexico, market rents decreased marginally in 2Q20 compared to the same period in 2019. “Mainly due to the exchange rate conditions that negatively affect market rents in US dollars in Mexico City".

Another factor to consider is the increase in short-term free rental concessions due to COVID-19, the trust told the Mexican Stock Exchange. In its second quarter report (2Q20), it added that the lease volume was 5.1 million square feet with renovations representing 85% of this activity.

Complete article (Spanish)