Demand for LEED industrial spaces continues in Mexico

The demand for environmentally friendly spaces has remained strong in recent months. In Mexico, the delivery of various types of eco-conscious industrial spaces has increased, including warehouses with LEED certification.

Given that the construction industry is one of the world's major sources of pollution, it is crucial to take steps to mitigate environmental damage. Within this sector, various strategies have emerged to minimize impact. One such strategy is the development of sustainable buildings that prioritize water and electricity conservation, resource reuse, and the maintenance of high-quality spaces. To support these initiatives, certifications such as LEED, WELL, and EDGE have been established to assess their planetary impact.

LEED projects have seen significant growth worldwide, and Mexico is no exception. At SiiLA, we have been closely monitoring office, commercial, and industrial spaces that meet LEED certification criteria, and we have observed intriguing trends in the demand for sustainable industrial spaces.

Since 2019, the number of new warehouses with LEED certification has consistently increased in terms of total square meters year after year, according to SiiLA Market Analytics. These projects now account for 8% to 9% of all new deliveries in recent years. 

It is worth noting that the industries most interested in these spaces are related to commerce (logistics, retail, and e-commerce). Additionally, the vehicle and auto parts sectors, along with the food industry, are the manufacturing sectors with the highest demand for environmentally certified spaces. Over the past two years, these five industries have accounted for 72% of the new environmentally certified warehouses.

Furthermore, these projects have not been evenly distributed across the country. Mexico City and Querétaro have seen the highest number of warehouses delivered with these eco-friendly specifications. In fact, between 2021 and 2022, these two markets represented 65% of all LEED-certified warehouses.

In conclusion, the demand for industrial warehouses with enhanced environmental specifications varies from city to city, market to market, and industry to industry. The majority of these spaces are concentrated in the central region of the country, while border markets have the opportunity to increase the adoption of sustainable practices. Similarly, different manufacturing industries can contribute to providing better spaces for their activities.

For more information on these certifications, their environmental impact, rental trends, and sector fundamentals, please visit SiiLA.