The accelerated growth of e-commerce and delivery companies such as Amazon, Mercado Libre, DHL, UPS, Walmart and Liverpool, among others, caused a strong increase in the demand for industrial spaces in Mexico.

Many retail, consumer, distribution and logistics companies increased their activity, expanding distribution centers, which benefited owners such as Fibra Uno, Prologis, O'Donnell, Fibra Plus, Meor and CCIMA.

This situation favored markets such as Tijuana, Ciudad Juárez and Monterrey, as well as CDMX, Toluca or Guadalajara by accelerating the leasing of industrial and logistics warehouses in a few months.

“We have been finishing acquiring the portfolio that we call Frimax or 'La Teja', approximately 370 thousand m2 in the northern area of Mexico City, this more destined to the logistics and storage issue, we have as a sample Amazon, one of our tenants ”, said Gonzalo Robina, Deputy General Director of Funo.

Currently about 40 percent of the income of the trust comes from the rents of industrial spaces.

The CDMX is the largest market for the logistics and distribution sector, with a participation of 25.8 percent in absorption levels of industrial buildings, followed by retail with a demand for spaces of 14.1 percent and Food, Beverages and Tobacco that demand 8.8 percent of the city's industrial space.

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"E-commerce and the logistics sector are an important and growing part of Prologis business and currently make up about 15 percent of our portfolio," said Luis Gutiérrez, CEO of Fibra Prologis.

He added that in Mexico electronic commerce increased from 4 percent in 2019 to 8 percent in 2020 in terms of sales, according to data from Euromonitor and Prologis Research, which boosted activity and demand for spaces from its tenants such as Amazon, APL Logistics , Geodis, Diageo, Liverpool and Mercado Libre.

"To support the progress of Last Touch's urban infrastructure, we acquired small logistics properties close to consumption centers in the Mexico City and Guadalajara markets," he said.

For his part, David O'Donnell, CEO of O'Donnell Capital, highlighted that thanks to the dynamism of the so-called “Last Mile”, due to the consumption and delivery of goods and services, the company will continue betting on the development of new offerings in metropolitan markets.

"We are investing within the CDMX, we have three projects today (La Laguna and Puente México in Cuautitlán Izcalli and OD888 in the GAM)), we have three warehouses of 90 thousand m2, we have invested very actively," he added.

So far in the third quarter of 2021, about 1.1 million m2 of warehouses have been absorbed in the country, mainly in Monterrey, CDMX and Tijuana.

Pablo López, Director of Analysis and Information at Solili, explained that this period could experience a rise of up to 30 percent in demand, while the arrival of 733 thousand m2 of new warehouses under construction is expected.

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“Since the renewal of the T-MEC we realized that it was going to be one of the most important economic engines in the country and we realized during the pandemic that it was one of the factors that helped some of the Fibras to keep their portfolios balanced. ”Said Gustavo Tomé, CEO of Fibra Plus.

For his part, Ricardo Medina, CEO of CCIMA, added that the pandemic accelerated the growth of e-commerce and international logistics companies, which has prompted them to seek new investments: “We have three more developments on the doorstep in Querétaro and with you are looking to invest in the Yucatan peninsula ”, he concluded.

In Solili consult industrial warehouses available in Reynosa, Chihuahua, Puebla and Tecate

Original note