During the last decade, Mexico’s industrial market has seen significant, continuous growth in size, production, and exports. The 2020 pandemic caused major disruptions worldwide, grinding global economies to a halt. Mexico turned the corner from 2019 with rapid activity in anticipation of the USMCA implementation in July. Yet the calendar year promise faltered by the end of Q1, reflecting disrupted markets reeling from plant closures, supply chain disconnection, and uncertain labor availability. Through it all, we’ve tracked Mexico’s industrial real estate Survival and Success.
To wrap up the year, the NAI Mexico Business Intelligence team conducted The Mexico Industrial Survey. The staff contacted more than 5,000 owners, operations, and government agency managers to forecast expectations for 2021. These interviews were conducted from October – December 2020, to share perspectives from a variety of executives regarding industrial realestate owner views, tenant occupier views, Pacific Rim Migration, supply chain, and expectations for 2021.
This summary reflected surveys or interviews from all 31 states in Mexico with a special emphasis targeting states with the highest industrial activity. The results follow.