Background on Key Figures and Relevance
Datoz, a leading real estate data provider in Mexico, has released the “Panorama Inmobiliario Industrial en México 2Q 2025” report, highlighting the current state of industrial spaces in various regions of Mexico. Pablo Quezada, Datoz’s General Director, and Silvia Gómez, Datoz’s Market Analyst, are the key figures in this report.
Emilio Ibarra, another market analyst from Datoz, focuses on the Northeast region. Understanding their roles and insights is crucial to grasping the industrial real estate situation in Mexico.
Regional Overview
Central Region
The Central region, comprising the markets of Mexico City, State of Mexico, Hidalgo, Tlaxcala, and Puebla, reported a total inventory of 239 million square feet by the end of Q2 2025, with no changes compared to Q1. However, the availability of spaces increased by 14%, adding 12 million square feet.
- Vacancies and Subletting: Vacancies and sublettings reached 2 million square feet, marking a 130% increase from the previous trimester.
- Availability Rate: The availability rate closed at 4.86%, which is 58 basis points higher than the previous period, considering both occupied and under-construction spaces.
Mexico City was the most active market, accounting for 95% of regional activity in the past year. Construction initiations dropped by 36%, with only 900,000 square feet initiated in speculative projects, including three developments in the Toluca submarket.
Northeast Region
The Northeast region, encompassing the markets of Nuevo Laredo, La Laguna, Saltillo, Monterrey, Reynosa, and Matamoros, closed Q2 2025 with an inventory of 355 million square feet, the largest industrial capacity in the country (1% trimester increase).
- Availability of Spaces: High availability persists, with 32 million square feet, primarily in speculative buildings.
- Vacancies and Subletting: Vacancies and sublettings totaled 2 million square feet, a 7% increase from the previous trimester.
- Availability Rate: The availability rate reached 9.13%, as explained by Emilio Ibarra.
Monterrey remains the dominant market, accounting for 75% of transactions over the past year. Construction initiations declined due to plant closures, like Volvo’s, and adjustments in logistics projects, including a nearly 1 million square feet Mercado Libre distribution center.
Key Questions and Answers
- What is the current state of industrial spaces in Mexico? The country’s industrial market is undergoing adjustments, with varying economic cycles in each region. Prices have increased in the North-East and Northeast regions, influenced by geopolitical context and U.S. trade policies.
- Which regions have experienced the most significant changes? The Central region saw a 14% increase in available spaces, while the Northeast region maintained its inventory levels but with high availability rates.
- What are the key factors affecting industrial space demand? Economic cycles, geopolitical context, and U.S. trade policies play crucial roles in shaping industrial space demand across Mexico’s regions.
