The gross industrial demand of Mexico City at the end of the third quarter of the year achieved a boost that led it to exceed 620 thousand square meters and thus came to occupy the first position at the national level, a place occupied by Monterrey in recent quarters.

This growth, although still focused on the CTT submarkets (Cuautitlán, Tultitlán and Tepotzotlán), where close to 80% is concentrated, has also spread to Toluca, which in recent years had achieved significant development and concentrated during the third quarter of the year 14% of the demand.

The demand for the quarter has been concentrated in logistics, e-commerce and retail companies that are looking for their winning positions before the time that is approaching, where trade is triggered by the proximity to dates such as the Good End or the Christmas season.

Check here: Monterrey's industrial demand continues to be driven by BTS of manufacturing companies

Toluca, being the capital of the State of Mexico, has good airport connectivity with the direct influence of Toluca International Airport and the proximity to the network of international airports in the Valley of Mexico and the most important business centers in the country, which facilitates the attractiveness for the manufacturing and logistics operations that decide to settle there.

The demand for 3Q 2022 in this market has covered sizes ranging from one thousand to 23 thousand square meters, registering the presence of various developers already established in this capital market. By consulting the Solili platform you will be able to locate more than twenty warehouses available in the entity between 1.4 and 44.7 thousand square meters, which represents a vacancy of 2.4%, very close to the average in Mexico City.

While Toluca is developing to the west of the country's capital, the Huehuetoca and Zumpango submarkets are expanding to the north and, although they currently contain only 5% of the inventory, they have sufficient land availability for future development of the industrial supply towards the outskirts of Mexico City.

While Toluca is developing to the west of the country's capital, the Huehuetoca and Zumpango submarkets are expanding to the north and, although they currently contain only 5% of the inventory, they have sufficient land availability for future development of the industrial supply towards the outskirts of Mexico City.

The projection in the growth of these two submarkets is based on the fact that the traditional industrial submarkets in Mexico City have practically exhausted the availability of land and many of the developers who had land to develop have consumed this stock in recent quarters, thus depleting their reserves.

The location advantage of Huehuetoca and Zumpango to the north is favored by the connectivity provided by the road infrastructure of the Mexico-Querétaro highway and the proximity to the recently opened Felipe Ángeles International Airport, which is located just under 50 minutes from both markets.

These elements of land and air communication underpinned in the immediate future an articulated expansion of the industrial fabric after the cargo handling of the new airport allowed the Benito Juárez International Airport of Mexico City to vent.

Of interest: The 3T 2022 CDMX demanded 620 thousand m² unseating Monterrey from first place

Currently, the availability of the Zumpango and Huehuetoca submarkets is limited and is made up of two warehouses of 17.5 thousand and 11.7 thousand square meters respectively, so if a related operation arrives that requires locating in the area, it would have to be developed under the scheme BTS and it will take the time it takes to build it.

By 2023, the main developers are still managing expansion projects in the more traditional submarkets of the capital, but in a short time we will see more representative movements in the composition of the offer in these new emerging markets, since the capital is increasingly advancing in the extension of the urban march and therefore in the needs of goods and services that support this development.