The Mexican capital at the end of July 2021 registered 17% of the demand for industrial buildings nationwide, with 288.5 thousand square meters.

A little more than half of this demand is located in the area known as the CTT, made up of the Cuautitlán, Tultitlán and Tepotzotlán submarkets. Tepotzotlán leads the demand with just over 85 thousand square meters, followed by Cuautitlán with 67 thousand and Tultitlán with 39 thousand square meters.

The inventory that these three corridors maintain represents 50.8% of the capital inventory as of July 2021, while the constructions that are in progress account for 57.1% of the total construction, which makes projecting the increase that the CTT will have with newer ships over the capital stock.

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This appetite for being closer to the capital has led these corridors to focus on the construction of new warehouses ranging between 14,000 and 47,000 square meters, where 66% are dominated by speculative projects and the remaining percentage are BTS.

The explosion of construction in recent years in the submarkets that make up the CTT has caused a greater shortage of land, so developers are exploring new areas to expand to, so for some it has been feasible to turn to the neighboring corridors of the north of this area, especially Zumpango and Huehuetoca, which are attractive to them given the provision of infrastructure, location, and land prices.

These new corridors have spaces that allow the construction of larger industrial buildings and are equipped with technical construction characteristics as competitive as those developed in the CTT, but which may even be more competitive in price since for the developer the prices of the land are lower than those closest to the metropolitan area of Mexico City.

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Other elements that will energize this segment are initiatives such as the one just announced between the Capital Government and private companies in the creation of the “dry port” of TMEX-Park.

The project seeks to become the gateway for more than 70% of imported merchandise and which is located on the commercial corridor of the T-MEC, at the exit of the traffic complications of Mexico City and its Metropolitan Area that allow it to meet local, regional and international requirements.

These projects will undoubtedly reinforce the industrial fabric where new submarkets to the north of the city such as Huehuetoca and Zumpango can be activated.