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Market conditions for last mile in CDMX
- The industrial market in Mexico City is seeing an increase in demand for industrial spaces within the 0 to 15 km radius, particularly from the e-commerce and logistics sectors.
By: SiiLA News & SiiLA News
01/04/2021 
Mexico City is one of the largest megalopolises in the world, with over 8.8 million inhabitants. The city's growth and development have been shaped by its proximity to the city center and workplaces.
Companies in the industrial sector seek different advantages based on their proximity to the city center. The 0 to 15 km radius is preferred for reducing delivery times, the 16 to 30 km radius allows for larger facilities, and the 31 to 45 km industrial zone offers connectivity to major highways for goods transportation.
There has been a growing demand for industrial warehouses in the 0 to 15 km radius, driven by the e-commerce, transportation, and logistics industries. Within the established radii, there are 328 properties in submarkets such as CTT, Iztapalapa-Tláhuac, Naucalpan, Tlalnepantla, and Vallejo-Azcapotzalco. These properties consist of 57% Class A and 43% Class B warehouses. On average, warehouses in the 0 to 15 km radius have a smaller gross leasable area (GLA) compared to those in the wider radio, although there is no clear trend in the analyzed warehouses.
The analyzed market in the Industrial CDMX has a total of 355,000 square meters available within the radii. As expected in a competitive market, the 0 to 15 km radius has the least number of square meters available and the highest market price per square meter, at $7.77 USD/m2.
The industries occupying these radii represent over 6.7 million square meters and include 449 companies. The Transport and Logistics, Food and Beverage, and Retail sectors have a significant presence in the 0 to 15 km radius, accounting for 47% of the occupied square meters. Companies like Vitromex, Procter & Gamble, and GEPP take advantage of the prime location in this radius for their distribution centers and networks around the city.
In the 16 to 30 km radius, the transportation and logistics industry occupies the largest area (39% of the radius's GLA) and is home to companies such as Solistica, Estafeta, Maypo, Grupo Axo, FedEx, and Mercado Libre.
Finally, the 31 to 45 km radius has the highest concentration of GLA, with 4.8 million square meters and 398 companies occupying industrial warehouses. The main tenant in this radius is the German logistics company DHL, which occupies 5.9% of the total area in 12 Class A and B warehouses.
In summary, each radius within the city presents a different dynamic based on its tenants, available space, and characteristics.
Constant monitoring helps identify emerging trends and the consolidation of companies in these areas. Market Analytics, developed by SiiLA, enables monitoring, identification, and analysis of the industrial asset's behavior not only in the Mexico City metropolitan area but also in the country's major institutional markets.
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