Mexico Industrial Real Estate Digest

No significant updates today.

• First USMCA review round ended July 23 without resolving steel and aluminum tariff disputes.
• US lawmakers now pressure to link Mexico's 1944 Water...

IMCO estimates Mexico requires 11.9GW of extra generation capacity by 2030 to support Plan Mexico industrial growth, with electricity demand rising...

FIBRA Prologis balances robust performance with emerging risks, posting 41% net effective rent spreads, 13% same-store NOI growth, and 95.8% occupancy...

Q2 2026 FIBRA Earnings

• 🔥 Vesta: Vesta reported rental income up 16.7% YoY to $78.5 million, occupancy rising to 91.7%, and 1.5 million sq ft...

Three key comparisons:

• Occupancy: Prologis 95.8%, Macquarie 92.5%, Vesta 91.7% with Vesta showing q-o-q gains.
• Leasing & rents: Prologis 40.8%...

Vesta's Q2 2026 results deliver company-level proof of the nearshoring-driven reindustrialization reshaping Mexico's industrial market.

• Leasing...

Record $664.8 billion exports in 2025, driven by nearshoring and USMCA advantages, are fueling industrial demand that pushed Mexican FIBRAs past MX$1...

Cautious Recovery Amid USMCA Uncertainty

• H1 2026 Absorption: Gross absorption of industrial space rose 14% year-on-year to 2,055,905 m² in the...

New industrial parks continue opening in Coahuila even as USMCA uncertainty keeps developers cautious.

• Grupo JIBE launched a fresh park in the...

Data center growth is expanding beyond power-intensive infrastructure to catalyze industrial leasing, job creation, and local economic activity. This provides key context for investors evaluating markets with rising data center activity.

Carlos Slim branded Moody’s Baa3 downgrade of Mexico “irrational,” arguing agencies ignore real investment flows into manufacturing and northern...

The US and Mexico convene July 21 in Mexico City for the third bilateral round on the USMCA Joint Review, advancing talks on steel, aluminum, autos,...

Toyota's gradual Tacoma production move from Tijuana to Texas is already costing Grupo México Transportes roughly US$1.5 million annually in lost...

Prologis posted record Q2 leasing of 67 million square feet and raised full-year guidance after U.S. net absorption hit 66 million square feet, the...

Prologis' Q2 2026 earnings highlight record global leasing of 67 million square feet and raised full-year guidance, yet provide no commentary or data on Mexico leasing activity, rents, vacancy, nearshoring demand or supply constraints.

Baltimore Aircoil Company's new manufacturing and distribution facility in Ciénega de Flores, Nuevo León, marks its first Latin American plant and...

No significant updates today.

• Trump administration will not renew USMCA as-is and seeks renegotiation focused on stricter vehicle rules of origin, including 75% regional value...

Aggressive SAT audits and a Total Tax Index of 100 are dismantling IMMEX shelter protections, with average reassessments of 847 million pesos forcing...