Investor Presentaiton
Mexico: Nearshoring Not Just Manufacturing
As manufacturing capacity grows, so does logistics
PROLOGIS MEXICO MARKETS* 3PL GROSS ABSORPTION
MILLION SQUARE FEET
Millions
10.00
9.00
8.00
7.00
6.00
5.00
4.00
3.00
2.22
2.00
1.00
FIBRA
PROLOGIS
3.88
8.11
8.76
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Nearshoring is already driving
significant absorption in border
cities where 3PL's were
practically not taking any space
beforehand.
Expansions within existing
manufacturing plants are usually
the best solution for growing
capacity, given personnel
knowledge, power availability
and supply centralization. This is
leading manufacturing
companies to use third-party
warehousing/logistics.
3PL companies' gross absorption
has increased from 13% of total
absorption in 2019 to 17% in
2022, even as absorption has
more than doubled.
0.00
2019
2020
2021
2022
Source: Prologis Research with information from Siila.
*Excludes Reynosa.
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