We use cookies and similar methods to offer the best experience to all visitors and to remember their preferences. Please take a moment to review our Privacy Policy. By tapping “accept”, you consent to the use of these methods.

SMI - GERAL Q4 2025
+3.25 % 370.88
=
INCOME RETURN
+2.22 % +
APPRECIATION RETURN
+1.03 %
USD / MXN
0.00 % 17.32
GDP (Quarterly, Millions)
-1.24 % 29,325,765.23 PTS
CPI
0.00 % 4.45 PTS
Reference Rate
0.00 % 6.50 PTS
Closing IPC
0.00 % 68,333.47 PTS
UDIs
0.00 % 8.84 PTS

Shopping Centers and E-commerce in Mexico: How Retail and Industry Synergy is Growing

  • The competition between brick-and-mortar stores and e-commerce has evolved into a strategic alliance that redefines consumer behavior in Mexico. Shoppers no longer choose one channel over another; instead, they combine both to maximize convenience and savings. 

  • This phenomenon, primarily driven by intense price competition and enticing seasonal promotions, reshapes purchasing habits and transforms the commercial real estate market. E-commerce companies, with their demand for massive infrastructure, occupy, on average, 49 times more space per business than retail stores in shopping centers.

Pedro Huerta is Amazon's Country Manager in Mexico. Photo: SiiLA.
Pedro Huerta is Amazon's Country Manager in Mexico. Photo: SiiLA.
By: SiiLA News
11/19/2024

As December approaches, the battle between brick-and-mortar retail stores and e-commerce platforms heats up in Mexico. In recent years, however, this rivalry has given way to a fascinating synergy in which consumers no longer limit themselves to a single shopping channel. Increasingly, they research and purchase products online and then pick them up in physical stores. This shift underscores the growing importance of omnichannel strategies in a market that values convenience and the shopping experience.

This evolution is not only transforming consumer habits, but also reshaping the commercial real estate landscape. By the third quarter of 2024, according to SiiLA, shopping centers in Mexico’s major retail markets—Mexico City, Monterrey, Guadalajara, and Querétaro—housed approximately 4,500 businesses across more than 14,700 stores. Most of these (49%) belong to the fashion, food, and beauty sectors. By contrast, the industrial market included at least 20 major e-commerce companies occupying more than 120 warehouses, primarily (80%) focused on logistics and distribution for consumer goods, food, pharmaceuticals, and essential items.

To understand the impact of these businesses on commercial real estate, consider that retail companies in shopping centers occupy over 6.1 million square meters, while e-commerce businesses exceed 2.5 million. Although these spaces are not directly comparable due to their distinct purposes, proportionally, each e-commerce company occupies 49 times more space on average than a single retail business.

The stark difference in space requirements reflects the operational needs of each sector. E-commerce relies on massive infrastructure for logistics and distribution, while physical retail focuses on strategic locations designed to maximize direct consumer interaction. Despite their differences, both models are essential in a market that blends digital convenience with physical presence.

Latam
Mexico
National
CRE
Market Analytics
Retail And E-Commerce

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.

Zolver

More Paper, Less Cash: FIBRA SOMA and the Cost of Not Paying
05/18/2026
Industrial Availability No Longer Reflects Exits, but Expectations
05/13/2026
How Do Companies Expand in Mexico’s Office Market?
05/11/2026
Industrial Absorption Follows Supply, Not the Economic Cycle
05/07/2026
Insurgentes Builds Big, but Absorbs Small
05/05/2026

Transactions


José Carlos Elizondo leads Voit, which recently added office space at Centro Corporativo del Parque in Insurgentes. Photo: SiiLA.
Voit Changes the Playing Field: Competition Moves Beyond the Point of Sale
Wu Kouyue leads Xusheng Leoch Battery, one of the companies that absorbed the most industrial space in Q1 2026. Photo: SiiLA.
Absorption Falls, Not Demand in Mexico’s Industrial Market

Nearshoring

Hichem Elloumi leads COFICAB, an automotive wiring company, and one of the auto parts firms that absorbed the most industrial space in Q12026. Photo: SiiLA.
Between Importing and Exporting: Mexico Does Not Substitute Auto Parts, It Needs Them to Export
James Li leads Honor, which absorbed space in Hofusan in 2026. Photo: SiiLA.
Hofusan and the Limits of Asia’s Industrial Model in Mexico

Trusted by Leading Publications

Exclusive Access

Join our mailing list for Real Estate News, Events, Insights & Resources.

SiiLA News on Mobile - Stay Updated Anytime, Anywhere. Read Latest Real Estate News from your phone