2021: Record year for industrial real estate growth
By Perla Eunice
February 21, 2022
The industrial real estate sector experienced a historic growth in 2021,
which has not been seen since 2015. Marcos Álvarez, CEO of Market Analysis,
reported that there was a 72% growth in square footage absorption, and 59% in
number of transactions.
Over the year, 25 new companies arrived to Mexico. Tijuana, with 7
transactions and 1.2 million square feet absorbed, and Monterrey, with 11
companies and 2.4 million square feet absorbed, were the two markets with the
most dynamic growth in the number of new companies. "AGP was the most
representative deal, with a BTS of 1.1 million square feet in the Finsa Santa
Catarina industrial park," Marcos Álvarez pointed out.
AGP in Monterrey, Mercado Libre in Mexico City, Betterware in
Guadalajara, and G Global in Tijuana were the most representative deals of the
year. On the other hand, the most prominent developers were Finsa, Parks, CPA
and Vesta.
"Mexico is particularly attractive due to its strategic location
and skilled labor in various locations, this benefits both the logistics and
manufacturing industries," Marcos Álvarez said.
Over 2021, industrial absorption in Mexico had three major contributors:
The United States, with a 39.40 percent share; Mexico, with 22.20 percent; and
China, with 8.3 percent. Meanwhile, companies with representative expansions
were Brembo, Uline, NBHX, Trim and Mercado Libre.
Finally, the CEO of Market Analysis reported that the sectors with the
greatest share in industrial absorption were automotive, with 27.4%; electrical
and electronics, with 14.6%, and supply chain, with 11.1%.
Contact:
Marcos Álvarez
CEO