The country's capital continues to maintain the second position nationally in terms of accumulated demand in the first 10 months of 2023, totaling 894 thousand square meters.

This situation, together with the lowest vacancy reported in the last five years in the country's capital, which registers 0.85%, has motivated developers to activate their constructions mainly under the speculative format, in order to take advantage of the arrival of demand from logistics and manufacturing companies.

Check here: Guadalajara's industrial vacancy rate exceeds 2% during October 2023

This average vacancy indicates that there are some submarkets with lower percentages, such as  Tultitlán y Tepotzotlán with 0.5% and 0.2%, while Cuautitlan does not have available industrial spaces. However, another emblematic submarket of Mexico City such as Toluca still has 0.9% represented in more than 390 thousand square meters of industrial warehouses, both existing and under construction.

At this time, the seasonality of Buen Fin and the Christmas season create an additional boost to the search for logistics spaces that historically increase between the third and fourth quarter of the year, in the Mexican cities that have the largest population.

When consulting the Solili real estate platform, 25 industrial constructions are underway in the country's capital, totaling 536 thousand square meters of industrial space, with available areas from 6.6 to 99 thousand square meters.

Large stores are present in this market where the Cuautitlán, Tultitlán and Ixtapaluca submarkets are the business. The amount of industrial works in Mexico City represents 10% of the national total, only surpassed by Monterrey, which leads with 30% of buildings under construction.

Of interest: Starts of industrial construction soar 2.7 times compared to October 2022

Another circumstance that drives the construction of industrial warehouses by developers is that the relocations are not only impacting the markets in the north of the country, but also permeate to markets in the shoal and the central area of the country where Mexico City is the largest. offer.

Mexico City will continue alongside Monterrey, remaining at the forefront of the most attractive markets in the quarters to come and where nearly a dozen developers today participate in constructions that compete with the quality and facilities offered by more developed markets.