Already in the final stretch of 2023 we can observe a period where institutional markets focused on the industrial real estate sector have emerged stronger after a year where the demand for industrial buildings has continued to grow, although in the case of some of the main Mexican markets such as Monterrey and Ciudad de México have done so at a slower rate than in 2022.

However, this year a record was reached in the number of industrial constructions that exceeded 5.6 million square meters at the end of November 2023. The pace of construction starts during the last quarter of the year was also highlighted, where 485 and 589 began. thousand square meters, during the months of October and November, respectively.

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It was also a very productive period for institutional developers and real estate investment funds or Fibras, which saw their portfolios strengthen and their respective market shares strengthen.

Fibers have been the highest-performing asset, accumulating a return of 15.51%, between January 2 and until December 7, 2023, according to data issued by the Mexican Stock Exchange (BMV). Since the Fibras emerged in 2011 in the Mexican market, this 2023 performance would only be surpassed by the gain generated during 2014 where they reported a return of 15.98%.

The main developers also increased their bets by undertaking the start of industrial parks, among which the Pocket Park of Grupo GP in Nuevo León stands out on a 35-hectare plot of land, the Industrial Gate Pacific in Tijuana, the Industrial Partners park in Saltillo of the Grupo Garza Cavazos on 70 hectares, the new American Industries territorial reserve of 140 hectares located in the northern region of the country and the Punto Norte industrial project of the developer Vesta located in the Cuautitlán submarket of the Mexico City market.

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These projects represent investments of more than 900 million dollars and are just some examples of the confidence that has further driven this market that advances with the awareness of reducing the impact of industrial activities on the environment. In 2024 we will see an industrial market where the main protagonists will continue to invest in sustainable technologies seeking to satisfy the high operating standards demanded by international companies.

Other developers such as Prologis in 2023 added more than 305 thousand square meters of net profitable area to their industrial portfolio in the country, while Fibra Uno or FUNO maintains its plan to list the Initial Public Offering of Fibra on the Mexican Stock Exchange Next, the trust created to divide its portfolio of industrial warehouses and take advantage of the demand generated by relocations.