Investor Presentaiton
Mexico Logistics Real Estate Fundamentals¹
DEMAND (T12M) VS SUPPLY PIPELINE
(MSF)
Mexico City
Monterrey
DEMAND VS SUPPLY
(MSF)
Mkt Vacancy
36
1.7%
32
VACANCY
(%)
1.5%
8
28
10
FIBRA
PROLOGIS
•
•
Market vacancy of 1.2%,
historical lows
We expect increasing demand
due to supply chain
reconfigurations and limited
supply caused by enhanced
supply barriers to continue
driving high occupancies and
rent growth
Rent Growth in 2022 was
16%, we expect mid-teens
growth in 2023
Nearshoring in Northern
Mexico and e-commerce
adoption are the main drivers
of demand
1.8%
24
Guadalajara
.
6
20
Juarez
0.0%
16
4
Reynosa
1.0%
12
Tijuana
8
0.4%
4
5
10
15
20
Net absorption LTM
BTS
Spec
2013
14
22
2023F
Sources: Prologis Research with information from Solili, CBRE.
1. Note: Defined as modern logistics market, inclusive of only those facilities with advanced functional
features and/or superior locations, deemed to be competitive with Prologis.
Data as of June 30, 2023
Completions
Sources: Prologis Research
Net Absorption
Vacancy Rate
Note: Completions equate to supply while net absorption is equivalent to
demand
0
2
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