Market Resilience Amid Global Uncertainty
Despite the uncertain global outlook, Mexico City’s industrial real estate market demonstrates notable strength. Driven by domestic demand and the availability of strategically located land, the sector maintains a dynamic pace that underscores its importance within Mexico’s economic ecosystem.
Pre-Leasing Trend Takes Center Stage
A key factor in this positive trend is the rise of pre-leasing. This phenomenon addresses the need to secure large industrial spaces, specifically big box facilities exceeding 20,000 square meters (m²).
Moreover, the volume of planned projects surpasses 2 million m², with more than half falling under Built to Suit schemes. The Zumpango – AIFA corridor leads this segment, accounting for 53% of the total projected projects.
Mexican Companies Dominate Market
In terms of warehouse occupancy, excluding contract renewals, the first quarter of 2025 closed at 187,610 m², marking a 200% increase compared to the same period in 2024.
Regarding the origin of participating companies, Mexico topped the list with 59% of occupancy, followed by the United States (16%) and Denmark (14%).
By economic sectors, logistics remains the undisputed leader, encompassing 97% of the commercialized surface. The manufacturing sector accounted for the remaining 3%.
Low Industrial Vacancy Rate Fuels Market Growth
The industrial vacancy rate has historically remained low, at 1.3%, equivalent to just 147,863 m² available. This scarcity of spaces continues to drive the growth of new projects and solidify pre-leasing as a dominant practice in the market.
Key Questions and Answers
- What is the current state of Mexico City’s industrial real estate market? The market shows resilience amid global uncertainty, driven by domestic demand and strategic land availability.
- What is driving the positive trend in this market? The rise of pre-leasing addresses the need for large industrial spaces, and the volume of planned projects exceeds 2 million m².
- Which companies are most active in this market? Mexican companies dominate, accounting for 59% of warehouse occupancy.
- What is the current industrial vacancy rate in Mexico City? The rate is historically low at 1.3%, fueling market growth and new project development.
