The potential of eastern Mexico City for the last mile
Solili | June 17, 2021 |

The growing demand for goods and services from large cities creates pressure in the search for surfaces that allow the development of modern industrial parks, under the current parameters of efficient and strategically located warehouses that guarantee to be suitable for turnkey companies such as logistics, which currently it is one of the fastest growing.

When analyzing the configuration of Mexico City and its submarkets, there are two clearly defined areas that are very favorable for locating warehouses in the so-called last mile, we would have Vallejo to the northwest and Iztapalapa to the east.

In the case of Iztapalapa, the mayor's office has a high population density and a very fragmented parcel structure, one of the main landmarks being the supply center where goods that come from all over the country are moved to the capital.

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Another important characteristic is its proximity to neighborhoods in the center-south and south of the city that have traditionally been a settlement for a population with high purchasing power, which has increased in recent decades as a result of the varied offer of multi-family buildings that have design cutting edge and amenities of all kinds.

Its proximity to the Benito Juárez municipality also makes one of the most important and dynamic office submarkets in the city easily accessible around Insurgentes Avenue.

Thus the east of the capital reinforces the proximity to a growing potential demand with high purchasing power that would be the trigger for industrial areas such as Iztapalapa, to require a change in urban policies that allow their development in the not too distant future.

At the end of 2020, the Industrial and Economic Growth Institute pointed out the potential that Iztapalapa would have to be a technological industry pole, since it has an optimal base of population, schools and companies, but lacks a master plan that generates new industrial centers with modern infrastructure.

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It only remains for the authorities to visualize the potential of the area and be able to increase the offer with the help of institutional developers who know clients in the market, through the experience in operating parks established such as Finsa Iztapalapa, Conjunto Beta, Omega y Alpha and Iztapapark, among others.

The Solili platform monitors 59 properties in the Iztapalapa submarket that add up to a net profitable area of 423 thousand square meters with availability of 3.2%, a figure lower than the capital average which is located at 4.8%. The size of the ships available in the area ranges from 1.5 thousand to 5.3 thousand square meters.

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