"Mexico is a very popular place to invest in the industrial real estate market: it is much more stable than its competitors and its proximity to the United States is still very attractive," said Jack Fraker, President of Newmark Dallas' Global Industrial and Logistics Practice.
The offshoring of companies or "nearshoring" would mean the installation of almost 400 new companies in industrial parks, most of them foreign, revealed this Tuesday the second edition of the "BBVA Mexico-AMPIP Survey". The offshoring process of companies to Mexico has maintained its pace since 2023 and is expected to permeate with greater is expected to continue with a greater number of companies until at least 2025.
This is the result of the interest of foreign companies to bring their production closer to the US market, with Mexico as the main trading partner, after displacing China in recent years.
AMPIP members surveyed in May indicated that they would receive 669 new tenants in their industrial parks between 2018 and 2022, or an average of 134 new companies per year. In 2023, respondents reported receiving 196 new companies, representing a 46.3% acceleration this year compared to the average arrival rate in previous years.
Manufacturing, the main activity the main economic activity of the new tenants arriving in AMPIP parks in 2023 is related to manufacturing activities, with 37% of the total.
This does not include the automotive industry, as 27% are engaged in activities related to this sector, and 36% are engaged in logistics activities, such as warehousing, distribution and transportation. Distribution and transportation.
At the end of the survey, 27% of the total number of tenants were Mexican companies, 44% were U.S. companies, and 44% were U.S. companies. U.S. companies 44%, Chinese companies 4%, and companies from the rest of the world 25%.
By 2024 and 2025, respondents expect the pace of arrivals to continue with a total of 399 new tenants, 201 and 198 in each year, respectively.
Of the new tenants, 34% are expected to come from the United States (135 companies) and 17% from China (66 companies). (135 companies) and 17% from China (66 companies). The remaining 49% (198 companies) will come from the rest of the world, including Mexico.
In addition, last August, the government of Nuevo León approved the arrival of a Volvo truck plant with an investment of US$700 million, as announced by the company. The to be located in the municipality of Ciénega de Flores and will cover an area of area of 160,000 square meters, where Volvo and Mack heavy-duty vehicles will be will be manufactured.
www.bbvaresearch.com
www.forbes.com.mx
www.ampip.org.mx
www.eleconomista.com.mx
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