The benefits of the industrial market in Mexico City are widely known when referring to one of the most developed Latin American cities and where the appetite of investors in the region and worldwide is concentrated.

According to the results of the Urban Competitiveness Index in 2021, prepared by the Mexican Institute for Competitiveness (IMCO), the Valley of Mexico achieves the first position in the category of cities with more than one million inhabitants, ranking as the most outstanding entity in Regarding the indicators of: World-class precursor sectors and Innovation of the economic sectors.

The industrial submarkets cover a large part of the periphery of Mexico City, towards the northwest Tlalnepantla, Naucalpan y Vallejo are the closest to the demand and from there it is joined by Cuatitlán, Tultitlán and Tepozotlán, which make up the so-called CTT that extends on the axis of the Querétaro-Mexico Highway and groups a little more than half of the inventory in the Mexican capital.

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Toluca is another important submarket to the east that accounts for almost a quarter of the inventory at the entity level. Another important extension is Ecatepec towards the northeast towards Pachuca. Towards the east we find Iztapalapa and a little further on Ixtapaluca, thus completing the vast industrial territory in the country's capital.

This varied extension of submarkets in turn opens up a palette of differential rental prices where the highest unit price is registered by Vallejo with $9 dollars per square meter per month, where the current availability is null motivated by the high desirability for being the one with the greatest potential. for last mile warehouses.

Ecatepec, Tlalnepantla and Naucalpan follow with average rental prices of $7.34, $7.24 and $6.47 dollars per square meter per month, respectively.

The CTT submarkets have registered very similar average rental prices, Cuautitlán registered the highest average rental price with $5.87, followed by Tultitlán with $5.4 and Tepotzotlán with $5.36 dollars per monthly square meter. These average prices correspond to the starting price of industrial buildings that closed a contract during 4Q 2021.

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Another relevant indicator when determining the rental price is the type of industrial warehouse and its categorization, as well as the modernity and flexibility of its spaces.

For example, if we consult the Solili platform at the beginning of March 2022, filtering warehouses under construction in Mexico City, we will find 35 options with 23 available spaces, between 4.5 and 67.3 thousand square meters, whose average rental price is $5.24 and a rental price maximum of $6.25 dollars per square meter per month.

Mexico City is a benchmark for a healthy, dynamic and mature industrial market, since a broad spectrum of institutional developers converges over an extensive territory close to one of the most populated cities on the planet, who can have legal certainty about their investments and where There is a wide range of sizes, concepts and demanding companies that complete the real estate business cycle.