The first half of the year ends and Mexico manages to accumulate a gross demand in the industrial sector that exceeds 3.1 million square meters nationwide. The markets of the north of the country manage to participate at 57%, followed by the four markets of the shoal that accumulate a fifth part. Mexico City and Guadalajara appear with 18% and 5%, respectively.

The nearshoring trend is reflected in a good part of these figures that occur in the midst of a macroeconomic scenario that favors investments in our country. By the second half of 2023, better results are expected due to multiple announcements made that are not yet part of the industrial demand figures for the first half of the year.

Check here: Industrial construction in Mexico experiences boom in large buildings

If we look at the latest monetary policy actions, both by the United States Federal Reserve and the Bank of Mexico, both announced a halt to the rise in their interest rates. This favors the Mexican peso, which breaks a new ceiling and is trading below 17 units per dollar. The increase in Foreign Direct Investment and exports, along with the growth of reserves, push in the same direction to continue strengthening the local currency. This scenario maintains an inertia that could extend in the coming months.

The evolution of these macroeconomic variables is the axis of observation maintained by the main developers, financiers and investors in the industrial market in Mexico, which has been driven by the effects of relocations.

Conversely, since we are still facing a period of high inflation, the cost of replenishing inventory increases and cannot necessarily be transferred to rents, which could affect the expected income for real estate developers and investors. However, the growth of inflation has been taking a breather and is growing at a lower rate, which could favor industrial investment in the second half of the year.

Projections for the remainder of 2023 are focused on identifying opportunities to acquire assets under construction or lease that already have prior rental agreements and where there is a probability of extending the contractual term.

Of interest: Querétaro developers boost industrial supply in the face of sustained demand

The operations corresponding to large national or international companies in Mexican territory guarantee an attractive risk-return ratio for an operation of this nature. Acquisitions, disposition, reconversions and adaptations of the assets are key in the strategy of positioning themselves in a highly competitive market, for the main holders of the assets.

The logistics sector will be another trigger for demand in the second half of 2023, requiring real estate that guarantees its efficient distribution and supply strategies.

Finally, what remains of 2023 will be very attractive for real estate projects and investments that manage to interpret the trends of the global panorama for companies that seek to stand out for measurable practices of the environment, sustainability and governance criteria.