Mexico City Class A industrial inventory closed Q3 with 14.5 million sqm. It kept a quarterly growth of 2.00% (283 thousand sqm were incorporated, distributed in 5 submarkets, Cuautitlan, Tultitlan, Tlalnepantla, Naucalpan and the Toluca Valley).
The vacancy rate at the end of the quarter was 1.78% (257 thousand sqm), which represents a slight decrease of 11 basis points.
Luisa Alaniz, Market Intelligence Director
WE EXPECT THAT PRICES WILL CONTINUE TO RISE FOR THE REST OF THE YEAR, REACHING OVER USD $9.50 SQM/MONTH.
During the Q3 2024, Class A gross absorption stood at 305 thousand sqm. More than 24 Class A transactions were registered in Mexico City (not considering renewals), with an average of 12,000 sqm per transaction.
Download here the Industrial Insights Market Report Q3 2024, Mexico City: