At the end of Q3 2024, the Vallejo industrial submarket registered a demand of 40 thousand square meters, standing out as a key location for tenants seeking proximity to Mexico City.

Under this condition and due to its strategic location, the developers began with the renovation of existing industrial spaces. This optimizes land use and responds quickly to market needs.

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Such is the case of O'Donnell Vallejo, with 91 thousand square meters under renovation, it is a clear example of how developers are adapting industrial spaces in the submarket. The remodeling, which is expected to be completed by the end of this year, aims to meet the growing demand from companies focused on last-mile logistics.

Likewise, the submarket houses the remodeling of another 10 thousand square meter property on 4th Street in the Vallejo industrial zone marketed by Cushman & Wakefield. This project is expected to be ready by the end of the year, which will further increase the supply of modern industrial spaces.

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These types of developments highlight the importance of modernizing and optimizing strategic areas in Mexico City, specifically in submarkets like Vallejo, where last mile logistics is a priority for many companies.