The Vallejo submarket, bordering the Naucalpan-Ecatepec highway to the north and the Circuito Interior to the northwest, is the closest to the center of the country's capital, where the greatest concentration of demand for goods and services is located.

Vallejo, although it concentrates less than 5% of the industrial inventory of the capital, is one of the areas of greatest interest to the most prominent logistics distributors in the country, who appreciate this submarket for the value generated by locating the so-called last-mile warehouses there.

The reconversion left behind by the pandemic makes companies that distribute and store goods compete for spaces close to expressways, as is the case of Vallejo, which is located on the northeast part of Avenida Insurgentes that crosses with Circuito Interior Melchor. Ocampo until arriving at its southern end at Calle Maestro Antonio Caso.

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Another characteristic of this area is that it houses mostly class C and B warehouses and facilities that, even with their size configuration and the age of the property that exceeds 30 years, are attractive when they manage to join plots that allow reaching attractive areas of land to demolish and invest in a new property.

During the first quarter of 2021, the Congress of Mexico City had already approved the decree of the Vallejo Partial Urban Development Program (PPDU), which allowed the arrival of more investments and thus continued with the detonation strategy of this industrial zone. .

Specific strategies in public infrastructure, mobility, housing and land use promoted the conversion of Vallejo as one of the most important industrial innovation clusters in the Valley of Mexico. The PPDU seeks to generate the creation of commercial and service corridors, integrated with complementary housing development, with the aim of generating a harmonious development of the city.

At the end of April 2022, the industrial availability on this corridor, which exceeds 50,000 square meters, today represents just over 10% of the availability of the Mexico City Metropolitan Area.

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Of the options available in this corridor, 86% corresponds to warehouses smaller than 5 thousand square meters, with the highest concentration of 28% in sizes from 2 thousand to 5 thousand square meters.

At the end of 1Q 2022, although the gross demand for this corridor did not reach 5 thousand square meters and the existing constructions are located at twice this amount, the strong increase in the rental price that exceeds $9.0 dollars per square meter per month, makes development of an industrial property.

The area has the necessary attractions to activate transformations of buildings with functional obsolescence and to maintain the competition that was generated during 2021 and so far in 2022 from several last-mile startups that have entered to compete in the Mexican capital or that expand their business positions to cover new markets.