Key Logistics Center in the Greater Mexico City Area
The CTT logistics corridor (Cuautitlán, Tultitlán, Tepotzotlán) has solidified its position as the primary distribution and storage center in the Metropolitan Valley of Mexico (ZMVM) by housing 76% of the logistics inventory in this region, according to a CBRE Mexico analysis.
Rapid Growth and High Demand
Historically, the City of Mexico has been a leading logistics hub, with 90% of its tenants belonging to the sector. This growth is fueled by the rise of e-commerce and the need for efficiency in supply chains. In 2024, 47% of Mexico City’s demand focused on logistics spaces within the CTT.
The vacancy rate in this area has reached historic lows, at 0.3% over the past few years, equivalent to 30,000 square meters. Despite a robust pipeline of construction projects, some spaces have already been leased before their market introduction, with 40% of the under-construction spaces already secured by tenants. This trend is expected to keep vacancy rates low throughout the year.
Manufacturing Sector’s Significant Contribution
The manufacturing sector accounts for 35% of the demand in the CTT logistics corridor. Francisco Muñoz, Executive Vice President of Industrial and Logistics at CBRE Mexico, believes that the CTT will continue to be a significant cluster in the city due to its industrial building offerings tailored to various tenant needs.
Rising Rental Prices and Construction Boom
The growing demand has also led to a 6% average increase in starting rental prices over the past year. The construction pipeline in the city totaled 508,000 square meters by Q1 2025, with 75% concentrated in the CTT.
Muñoz noted that industrial building specifications cater to diverse tenants, though developers have emphasized height, access, ramps, and security in new constructions.
Key Questions and Answers
- What is the CTT logistics corridor? The CTT logistics corridor comprises the areas of Cuautitlán, Tultitlán, and Tepotzotlán in the Greater Mexico City metropolitan region.
- Why is the CTT significant? The CTT has become the primary logistics hub in Mexico City, housing 76% of its logistics inventory and experiencing high demand due to e-commerce growth.
- What is the current vacancy rate in the CTT area? The vacancy rate in the CTT area is at a historic low of 0.3%, equivalent to 30,000 square meters.
- What percentage of the construction pipeline is in the CTT? Seventy-five percent (75%) of the construction pipeline in Mexico City is concentrated in the CTT area.
- What is the manufacturing sector’s contribution to the CTT demand? The manufacturing sector accounts for 35% of the demand in the CTT logistics corridor.
