Mexico City and its Metropolitan Area Solidify Position as Largest Logistics Market in the Country
The Mexico City metropolitan area, including the capital and its surrounding municipalities, has cemented its status as the largest logistics market in Mexico. This growth mirrors the expansion of e-commerce and supply chains, as demonstrated by recent data from CBRE.
Q3 2025: Record-breaking Occupancy in Industrial Warehouses
During Q3 2025, the industrial warehouse sector in Mexico City reported a total occupancy of 724,000 square meters (m²), marking an 81% increase compared to the same period in 2024. Over the first nine months of 2025, total occupancy reached 1.4 million m².
Francisco Muñoz, CBRE’s Executive Vice President of Industrial and Logistics, explained that pre-leases and renewals accounted for 40% and 39% of the activity, respectively.
Logistics Drives Market Growth
The logistics sector has been the driving force behind market growth during this quarter, accounting for 98% of the commercialized surface area, according to CBRE. Major contributors to warehouse absorption include companies from Mexico (39%), the United States (37%), South Korea (9%), France (7%), Sweden (4%), Japan (2%), and Argentina (1%).
The surge in interest for industrial spaces in Mexico City is attributed to its strategic location for goods and services distribution, both nationally and internationally. The metropolitan area of the Valley of Mexico, with 8.9 million square meters, serves as the logistics hub of the country.
Sustained industrial warehouse occupancy has fueled new project developments. CBRE reports that over 427,000 square meters of new construction projects began in Q3, primarily in the Zumpango-AIFA corridor (60%), Tultitlán (28%), and Huehuetoca-Tepeji (6%).
Of these projects, 55% are already pre-leased, reflecting businesses’ eagerness for optimized logistics operations.
Micro-logistics Centers: A Growing Opportunity
Vianey Macías, Head of Market Research at Spot2.mx, highlighted the potential for commercial real estate development in Mexico City’s periphery and within the capital to create micro-logistics centers supporting last-mile delivery.
Most Active Industrial Corridors
Cuautitlán, Naucalpan, Tlalnepantla, Tultitlán, and Toluca are the municipalities with the highest industrial demand in the Valley of Mexico. These five municipios accounted for 7.7% of scheduled visits through Spot2.mx during Q3 2025.
Macías noted that the proximity to highway 57/57D, known as the T-MEC corridor connecting the Mexico City Metropolitan Area to the United States, has favored the development of a logistics corridor comprising four out of five Mexico State municipalities, excluding Mexico City.
Last-Mile Logistics: A Commercial Driver
Macías pointed out that while industrial logistics properties are being leveraged in the State of Mexico, some local searches in Mexico City aim to explore spaces for optimizing last-mile operations.
The trend is clear: real estate assets are increasingly being utilized to cater to the e-commerce boom sustainably, reducing distances between businesses and consumers.
In Mexico City, the alcaldías of Cuauhtémoc, Miguel Hidalgo, Benito Juárez, Gustavo A. Madero, and Coyoacán have the highest number of scheduled appointments for physical prospecting of commercial spaces, according to Spot2.mx records during Q3 2025.
