Investor Presentation - Unmatched Portfolio Focus
Nearshoring is the Main Structural Shift
Mexican logistics real estate gain momentum due to manufacturing activity
NEARSHORING DEMAND BY COUNTRY OF ORIGIN¹
NEARSHORING-RELATED NET ABSORPTION¹
(FIBRA PL MARKETS, MSF)
FIBRA
PROLOGIS
Europe
Asia (ex
China)
16%
13%
China
21%
USA
13
48%
11
REGIONS AND SECTORS EXPECTED TO ATTRACT NEARSHORING¹
(PROBABILITY)
Monterrey
Coahuila
Juarez
Tijuana
Mexico City
Other
28
25
2019
2020
2021
Motor Vehicles & Parts
Other
Electronics & Home Appliances
Machines & Tools
High-Tech
Health & Pharma
2022
•
•
Nearshoring is the main driver
of demand, accelerating since
the pandemic due to global
supply chain disruptions,
tensions in U.S.-China relations,
and the USMCA
Monterrey and border markets
are the main beneficiaries, but
regional markets are becoming
more attractive as other markets
saturate
Auto has been the main driver,
yet other industries are taking
up importance, for example
electronics & appliances
~75% of total demand in 2022
was related to Nearshoring,
including Tier 1 & 2 2
We expect nearshoring to
continue as companies bring
production processes closer to
the U.S. consumer.
1. Source: Prologis Research with information from Market Analysis and CBRE.
2. Tier 1 nearshoring refer to the direct demand of companies nearshoring from abroad; Tier 2 demand accounts for local suppliers and previously stablished firms expanding operations as an effect of nearshoring.
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