In the first quarter of 2022, the Metropolitan Area of the Valley of Mexico registered an absorption of space industrial real estate of 250,000 square meters (M2), which represented an increase of 7% compared to the same period in 2021, according to figures from the consulting firm SiiLA.
Thus, the central zone of the country, focused mainly on logistics space, maintained the pace of demand for space industrial real estate registered last year, after the impact of the arrival of Covid-19 in Mexico in 2020.
“2020 was the year with the lowest absorption since 2019, this was caused in part by the Covid-19 health crisis, which, in turn, would boost the demand for new spaces, due to the growth of e-commerce and investment of startups of the same line of business and logistics”, Carla González, an analyst at SiiLA, explained in her report.
In 2021 alone, the Mexico City corridor had the largest monitored gross absorption in the national market, with 1 million 133,820 square meters, SiiLA detailed.
Among the main customers in the metropolitan area of the Valley of Mexico, according to the real estate consultantthey find each other:
- Amazon, located in the Vallejo-Azcapotzalco area and the CTT (Cuautitlán, Tultitlán and Tepoztlán).
- MercadoLibre, in Tlalnepantla and CTT.
- DHL, in the CTT.
Connectivity, the attraction
For the SiiLA specialist, the demand for last-mile space, that is, for the delivery of goods to final buyers, is the factor that has generated the greatest demand among industrial ships from the center of the country.
“The industrial market of Mexico City, is known as the main logistics center in the country, due to its geographical location in the center of the Mexican Republic, its rail, road and air connection (since March 2021, there are two international airports) and for to be the metropolis with the largest population in Mexico”, explained Carla González.
Given this demand, a series of submarkets have been added to the main markets of the Valley of Mexico, which companies seek to detonate for the delivery of merchandise. Among these cases are Iztapalapa, Naucalpan and Tlalnepantla.
“A competition was created between them as to who offered the best and fastest service, which would make them look for smaller spaces from less than 1,000 square meters to no more than 5,500 meters, to store a few products,” the company said. SiiLA specialist.