- Posted by México
- On Wednesday April 20th, 2022
- 0 Comments
Industrial buildings in Latin America and, in particular, in Mexico, have had an upturn in the last two years due to the increase in electronic commerce, among other socioeconomic factors. However, the developers do not seek to settle anywhere. There are markets that are more in demand than others due to their geographical location.
Sao Paulo, in Brazil, and Monterrey in México, are the two cities where most people are looking to acquire an industrial warehouse. According to data from the real estate company Newmark, these two markets exceeded one million square meters of annual net absorption, half of the entire region, which was positioned at four million square meters.
Monterrey’s location makes it key to the development of this real estate sector, since it allows it to maintain operations in Mexico, but close to the United States. In addition to being one of the cities with the greatest economic dynamism.
During 2021, there were more than 1.2 million square meters sold, which caused an availability rate of 2.5%, the lowest registered by Newmark. Within the market, the preferred corridor was Apodaca, with 33% of the total demand.
The demand that was presented in 2021 was mainly driven by sub-industries related to the automotive, electronic, logistics, trade, among others,” says Newmark.
In Guadalajara there was also a year with positive figures, due to the increase in foreign investment and that promoted by nearshoring. At the end of 2021, the inventory Clase A, was more than 5 million square meters. However, it is not enough to meet demand, explains the real estate company.
In Mexico City, the CTT corridor (Cuautitlán, Tepotzotlán and Tultitlán) is where the most important operations are centered. In the submarket there were 290,000 square meters. The country’s capital had a total of 13 million square meters in Class A inventory.
Modern ships for Brazil
High-end industrial buildings and storage and logistics warehouses were the ones that stood out last year and from 2022.
“Never has there been such a high demand for modern, well-located properties to improve supply chain efficiency and meet changing user demands, especially for e-commerce and logistics companies,” explains Newmark.
In Sao Paulo, the star city for industrial buildings, had and annual net absorption of 1.14 million square meters, the highest figure since 2014. In Rio de Janeiro it was 231,000 square meters.