REBS Summit + Expo Monterrey: Key Insights for the Real Estate Industry

On Thursday, June 29, the REBS Summit + Expo took place at the JW Marriot Arboleda Hotel in San Pedro Garza Garcia, Nuevo Leon. The event kicked off at 7:00 am with registration, followed by a breakfast where attendees had the opportunity to hear Miguel Treviño, San Pedro Garza Garcia's mayor.

Throughout the event, experts in the real estate sector discussed various topics, including real estate, infrastructure, investments, and sustainability trends. Here are the four most significant points from the forum:

1.- ESG is no longer a nice-to-have. Environmental, Social, and Governance (ESG) guidelines are far from being a passing trend. They are essential requirements for sustainable financing of real estate projects, offering operational efficiency benefits. Martha Garcia, CEO & Founder of Footprint, emphasized the importance of coordinating all three pillars of ESG, as companies often tend to focus solely on the environmental aspect while neglecting the other two pillars.

2.- Monterrey and Saltillo, the leading destinations for nearshoring. According to data from SiiLA Market Analytics, approximately 40% of companies relocating to Mexico due to the nearshoring boom choose the markets of Saltillo and Monterrey. Sergio Resendez, Northern Mexico Director at Colliers, highlighted the record activity in the border offices of one of the country's most important brokerage houses.

3.- Expansion of the industrial market will benefit other asset classes. The forum also discussed trends in other types of assets, such as office spaces and residential properties, and how the industrial sector's growth is expected to positively affect the fundamentals of these sectors.

4.- Challenges are driving sector evolution. With the arrival of foreign companies, particularly from Asia, property owners, marketers, and brokers have had to adapt their traditional real estate transaction approaches. Raul Arroyo, Managing Partner at Real Estate Investments, shared the difficulties that Chinese, Thai, and other companies face in obtaining corporate guarantees for lease agreements. This situation requires creativity to continue attracting these companies to the country.

During the REBS Summit + Expo Monterrey, Giancarlo Nicastro, CEO at SiiLA, and Alejandro Delgado, Country Manager Mexico at SiiLA, had the opportunity to discuss Latin America's leading real estate market trends and engage in various networking activities.

At SiiLA, we are committed to being present at the most important commercial real estate events as part of our continuous effort to stay updated and remain an invaluable and forward-thinking source of data and information for industry professionals. We aim to help real estate actors to make informed decisions by providing accurate, comprehensive, and up-to-date insights in a rapidly evolving industry. To keep up with the most relevant market events, visit REsource or contact us at contacto@siila.com.mx.