DSV Triples Its Industrial Space in Ciudad Juárez as Logistics Sector Contracts
- After integrating DB Schenker in Mexico, DSV is expanding its industrial presence in a submarket where the logistics sector lags regional growth.
Over the past two months, DSV Global leased approximately 30,300 square meters of Class A industrial space from Vesta in Ciudad Juárez through two four-year agreements. In September, the Danish transportation and logistics company leased about 4,900 square meters in Building J-10 at Vesta Park Juárez Sur, after taking nearly 8,300 square meters in July. Later, it added more than 25,400 square meters in Building 01 at Vesta Juárez Oriente.
With the leases signed since mid-2026, DSV has nearly tripled its industrial footprint in the Ciudad Juárez submarket, where it now occupies three properties totaling more than 58,500 square meters. These properties are among the more than 23 industrial buildings the company occupies in Mexico, with a combined area of around 400,000 square meters, according to data from SiiLA and the company.
The expansion comes as the transportation and logistics sector has recorded a 3% decline in occupied industrial space in Ciudad Juárez over the past year, compared with 2% growth in the overall local market. This difference reduced the sector’s share from 7.9% to 7.5%, a relative decline of 4.9%.
However, the logistics sector was not alone in losing market share. Nearly two-thirds of Ciudad Juárez’s industrial subsectors also failed to increase their occupied space over the past year, despite overall market growth. That growth also occurred amid considerably less occupancy activity than a year earlier.
In the third quarter of 2026, new occupancies fell 53% year over year, while move-outs declined 47%. Even so, more space was occupied than vacated, resulting in positive net absorption of 15,230 square meters that, although 65% lower than a year earlier, still exceeded the 7,378 square meters added to inventory, causing available space to decline further. As a result, the vacancy rate continued its downward trend that began in mid-2025, falling below 8.3%.
DSV Amid Logistics Pressures in Mexico
The decline in industrial space occupied by the transportation and logistics sector in Ciudad Juárez does not mean demand for its services has followed the same trajectory across Mexico. In its September-October report, for example, DSV reported higher air cargo export volumes in Mexico, while imports remained relatively stable. The company also anticipated greater demand for logistics capacity toward the end of the year, driven particularly by the El Buen Fin shopping event and the Christmas season.
Beyond the seasonal uptick, Mexico’s logistics industry outlook points to sustained growth. According to Mordor Intelligence, this market is projected to grow at a compound annual rate of 5.4% between 2026 and 2031, driven in part by e-commerce and cross-border freight flows associated with manufacturing. The latter accounted for 40.7% of the freight and logistics market’s value in 2025, a share that helps explain the importance of border industrial corridors—such as Ciudad Juárez—to the sector’s growth.
Nonetheless, the sector’s growth is not limited to forecasts. According to SiiLA data, industrial space occupied by transportation and logistics companies increased 6% over the past year across Mexico’s major industrial markets in the north, central region, and Bajío. Growth reached 5% in the north and 6% in both the central region and Bajío. Thus, the contraction recorded in Ciudad Juárez occurred even as the sector increased its occupied space across the industrial markets of its own region.
Against this backdrop, DSV—expanding even as it reorganizes following its acquisition of DB Schenker in April 2025 and the integration of both operations in Mexico in February 2026—illustrates that growth is not a rising tide that lifts everyone equally, but an uneven process in which a company’s decisions can move against the trend in the market where it operates.
To learn more about Mexico’s industrial real estate market, visit SiiLA Market Analytics or email us at contacto@siila.com.mx.
