Mexico City continues to maintain its second position nationwide in terms of accumulated gross demand figures, which between January and October 2023 total 984 thousand square meters, which represents almost a fifth of the national total. 

These results reflect the undeniable attractiveness of this industrial market which combines the excellent geographical position that connects it both on the northern side to the border with the United States and the rest of the country by land routes and there to the main ports of the country.

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Mexico City, along with the shoal and the main markets on the northern border, attract the main investments that have landed on Mexican soil so far in 2023. 

According to figures from the 2023 State Competitiveness Index report published by the Mexican Institute of Competitiveness, Mexico City continues to lead in first place, in indicators such as Society, Economy, Environment and Infrastructure, leaving the Government and Innovation indicators in very prominent positions. At the national level, the second and third places in competitiveness are occupied by Querétaro and Nuevo León.

89% of the investments in the industrial sector during the first three quarters of the year are concentrated in the Cuautitlán, Tepotzotlán y Tultitlán submarkets known as CTT. Previously, in the same quarters of 2022, Toluca appeared with almost a quarter of the demand that has been displaced in a significant proportion to the CTT.

The sizes of industrial warehouses range from 800 square meters to 35 thousand square meters and logistics and light manufacturing sectors largely dominate this indicator. 

However, demand has not developed to its potential due to the low existing supply, which brings vacancy in the country's capital to 0.85%. The slope has not been able to stop since the beginning of

Of interest: Continues commitment to northern markets, representing 67% of national construction

However, developers of the stature of Parks, Prologis, O'Donnell, Litos, Vesta and CPA, among several others, remain focused on building industrial spaces that often enter the inventory occupied once they have been completed.

If we project the trends towards the beginning of 2024, we are facing a slow deceleration of inflation in Mexico, which could bring with it a drop in interest rates, which would be an incentive to start new industrial projects, in the midst of an environment where 536 thousand square meters of new industrial warehouses are being built in Mexico City.