Fibra Upsite will continue to identify industrial opportunities in Mexico
Real Estate Market & Lifestyle | November 30, 2021 |

Fibra Upsite, which focuses on investment and leasing of properties in the industrial sector, will continue to take advantage of the opportunities that have been detonated in recent months due to the growing demand for industrial spaces in Mexico.

Rodolfo Balmaceda, general director of the company, indicated that the market for industrial properties in the border area of Mexico continues to show great dynamism, with high absorption rates that are positively incentivizing rental prices per square meter.

Therefore, they will continue to seek to increase their presence in this segment to meet the growing demand generated by the growth of the North American economy, he said.

Check here: Mexico takes advantage of commercial relocation

Likewise, the company is aware of the environment of strong changes and adjustments at the international level, related to interruptions in global supply chains, inflationary pressures due to the increase in the cost of raw materials and intermediate goods, as well as factors related to the the way countries generate their energy, among other factors, and yet the sector has remained resilient.

The strength is also leveraged by the momentum that export-related companies have maintained, which are benefiting from the positive growth dynamics of the United States economy.

During the third quarter, Fibra Upsite announced an agreement with a current tenant to expand a property in Ciudad Juárez, Chihuahua, which includes a gross leasable area of 6,578 square meters, and whose lease will be denominated in US dollars. United.

Of interest: Interruption of the global supply chain, what effect does it have on the industrial market of Mexico?

In addition, it delivered two new buildings, within the “Upsite Juárez Park I” and “Upsite Tijuana Park I” industrial parks, with a joint gross leasable area of 30,242 square meters, which represents an annual growth of 54% of its stabilized portfolio.

The company's stabilized property portfolio consisted of three industrial properties with a gross leasable area of 59,795 square meters located in the cities of Tijuana and Ciudad Juárez.

It indicates that a stabilized portfolio includes properties that have reached 80% occupancy or that have been completed in 12 months.

In Solili you can consult industrial warehouses available in Reynosa, Tecate and Mexicali

Original note

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