FIBRA Storage Expands with Three New Properties in Mexico City in Early 2025

FIBRA Storage started 2025 with the same momentum that defined its previous year: expanding its self-storage portfolio. In the first three months of the year, it opened the Añil facility in Iztacalco and the Anáhuac facility in Coyoacán. It also acquired the Hamburg property—already operating under the U-Storage brand—for about $10.7 million, including closing costs. All three assets are in Mexico City, where the REIT already concentrates three-quarters of its properties, according to data from SiiLA FIBRA Analytics.

It’s worth noting that in March 2024, FIBRA Storage acquired the Anáhuac land plot for $1.2 million, and in February 2019, it purchased the Añil site for $1.4 million.

The latest transactions come as part of a year of sustained investment. In 2024, the REIT also expanded two of its properties in Cuajimalpa and Interlomas—adding coworking services within storage areas—and acquired three plots in Monterrey for $5.8 million: two adjoining lots in Garza Sada and another in Puerta de Hierro.

With these additions, the REIT ended the year with 34 properties in operation—two more than the previous year—and eight development plots. As a result, its gross leasable area surpassed 194,000 square meters, a 6% increase year-over-year, with an additional 56,000 square meters under development.

Alongside its physical growth, the company’s operational performance also showed clear signs of maturity. According to reports filed with the Mexican Stock Exchange, between 3% and 4% of its inventory is in early-stage operations, and nearly seven out of ten properties now exceed 85% occupancy.

The growth of the portfolio—through both expansion and acquisition—also had a tangible impact on its valuation. As of year-end 2024, FIBRA Storage’s investment properties reached a total value of nearly $435.3 million, a 10% increase from the previous year. Meanwhile, the vacancy rate hovered around 82%, in line with the addition of new square footage to the operational inventory.

With this operational and financial base, the REIT entered 2025 with clear plans for continued growth. Last year alone, it allocated approximately $7 million to acquisitions and another $15.3 million to ongoing construction projects.

Beyond simply adding square meters, FIBRA Storage also began redrawing the boundaries of its business model. During the same period, it launched HUB Storage, a concept that combines coworking and self-storage under one roof. Already implemented in locations such as Interlomas and Cuajimalpa, the model responds to the growing demand for flexible solutions that integrate storage, office space, and connectivity in dense urban areas.

By offering equipped offices, collaborative spaces, 24/7 access, and parcel services within the same facilities as its storage units, the company aims to attract new types of users—freelancers, digital entrepreneurs, and small online businesses—while strengthening its operational income at strategic locations.

With this mix of scale, efficiency, and operational evolution, FIBRA Storage is not only testing the self-storage model of the future—more connected, functional, and profitable—but also redefining the role of space in cities, where storing, working, and growing are no longer separate needs, but parts of a unified solution.

If you want to keep up with the performance of FIBRAs in Mexico, visit SiiLA REsource or write to us at contacto@siila.com.mx.