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Aug

20

E-commerce and Logistics Companies Drive Demand for Industrial Warehouses

The increase in demand for industrial warehouses in Mexico has been driven by the arrival of companies due to nearshoring and other trends. Digitalization has created a greater need for spaces for distribution centers and storage, leading to an uptick in the construction of industrial parks and logistics spaces to enhance supply chains and international trade.

During the past year, both Mercado Libre and Amazon have stood out as leaders in occupying these spaces, collectively absorbing nearly 300,000 square meters. Other growing sectors include manufacturing, agribusiness, and e-commerce, which saw their market share in square meters increase from 30% to 40% in each case. Despite differences, both Monterrey and Mexico City have maintained their leadership in the industrial real estate sector, with the former excelling in manufacturing and the latter serving as a logistics hub.

 

The logistics sector led the market with 70% of transactions in the second quarter of the year, while e-commerce contributed 30%. Demand is on the rise, and expectations for new real estate projects are high due to low vacancy rates. Movements for new constructions are already being observed, such as the T-MEX Park project in Nextlalpan, State of Mexico, expected for 2024 with a million square meters and improved connectivity in a strategically located area near Felipe Ángeles Airport.

 

Retrieved from:

El Economista. (2023, agosto 7). Empresas de e-commerce y logística empujan la demanda de naves industriales. El Economista. https://www.eleconomista.com.mx/econohabitat/Empresas-de-e-commerce-y-logistica-empujan-la-demanda-de-naves-industriales-20230807-0043.html