Top 5 industrial and office acquisitions in Mexico in 2022

In 2023, there is an anticipated resurgence in investment in industrial properties in Mexico, particularly due to nearshoring. As for office space, the commercial real estate market is seeking to reduce the availability rate.

To kick off the year of new commercial investments in Mexico, SiiLA has compiled a list of the five most significant transactions (by transaction amount) in industrial properties and offices during 2022. These transactions, together, generated an economic impact of over $133.7 million.

In fifth place is the Querétaro Industrial Park (industrial). In April 2022, industrial manufacturer DR-ENC, which produces and markets stamping products, plastic injections, painting, and assemblies, acquired a warehouse of over 4,000 square meters from industrial manufacturer Parker. The purchase value was $2.5 million.

In fourth place is the Vallejo Industrial Warehouse (industrial). In March 2022, FIBRA Prologis purchased this industrial property from Mexican retailer Juguetibici, located in Mexico City. The industrial warehouse, with an area of over 8,700 square meters, sold for $10.2 million.

In third place is the Juarez Industrial Center (industrial). In January 2022, manufacturing and logistics company Prologis sold a new property within an industrial complex located in Chihuahua to FIBRA Prologis. FIBRA Prologis acquired this property of over 17,700 square meters for $17.5 million.

In second place is the Prologis Park El Florido (industrial). In January 2022, FIBRA Prologis purchased this industrial property of just under 36,000 square meters for $40.2 million. The warehouse is located in an industrial development corridor (El Florido) southeast of Tijuana.

In first place is Zentro Lomas (Offices). In April 2022, the developer of shopping centers and mixed-use properties, GICSA, sold this 29,000+ square meter office building for a sale price of over $63.3 million. At the time of the sale, the property located in the Miguel Hidalgo delegation of Mexico City had a 12.04% occupancy rate.

If you are interested in obtaining more information and insights about the commercial real estate market in Mexico, visit SiiLA or contact us at contacto@siila.com.mx.