Mexico Nearshoring Momentum Accelerates with Policy Support

Vesta record leasing, Querétaro 450% YoY inventory growth, Jalisco permitting reform (700→200 days). LPA Q2 earnings show strong Latin American performance with strategic pivot to Mexico (Park 57 near Mexico City, 50% portfolio target). Toyota's $3.6B San Antonio expansion and border market outperformance continue. However, lower Mexico demand in 2026 noted as caution.