Consumer Goods and Business Services Companies Lead Industrial Absorption in Mexico during 2023

The absorption of industrial spaces refers to the square meters that have been occupied during a specific period, and it has been led in the last year by prominent companies such as Liverpool, Mercado Libre and Footprint MX. These companies have spearheaded this phenomenon, setting trends in distribution, logistics, and business services.

These companies come from various parts of the world. Liverpool, a renowned Mexican company, leads the way alongside Mercado Libre, originating from Argentina, and Footprint MX, which hails from Arizona, United States.

Investments are concentrated in two strategic regions: Mexico City (CDMX) and Mexicali, the latter located on the border with the United States. Mexico City continues to be a hub for distribution and logistics, while Mexicali emerges as a key option due to its strategic location, facilitating access to the U.S. market.

Liverpool and Mercado Libre, with 230,000 and 144,415 square meters of Gross Leasable Area (GLA) respectively, are immersed in the consumer goods industry. On the other hand, Footprint MX, with 127,184 square meters of GLA, excels in business services and products. This industry diversification reflects the strength and variety of the Mexican market.

Liverpool chose Mexico City, selecting a larger, better-located, and modern Distribution Center. Mercado Libre, in turn, continues to expand its presence in Mexico City, solidifying its logistical network. In the case of Footprint MX, the choice of Mexicali is based on a strategic location to meet its specific needs.

It is crucial to highlight that all mentioned absorptions correspond to spaces tailored as Built to Suit (BTS), emphasizing the importance of customization and adaptation to the particular needs of each tenant.

Industrial absorption in Mexico during 2023 is characterized by the presence of companies contributing to the dynamism and sustainable growth of the Mexican industrial sector. To learn more about this and other topics in the Commercial Real Estate Market, visit SiiLA REsource or write to us at contacto@siila.com.mx.