Mexico is one of the main markets for electronic commerce or e-commerce in Latin America. It is estimated that, during 2022, more than 48% of the Mexican population purchased goods or services online, according to Statista data.

It is estimated that this upward trend will continue in the coming years, approaching 58% market penetration by the year 2025. As in most of the region, Mexico concentrates a large part of digital purchases in the most dynamic city in the world. country, Mexico City.

In 2021 alone, 34% of sales were made from the capital, leaving the central west zone in second place with 19%, according to figures from the e-commerce services company BlackSip.

Check here: The most diverse and competitive Mexican industrial real estate market in 2023

In this context, part of the industrial real estate sector in Mexico City has begun to take shape based on the growth of electronic commerce.

A report from the Solili platform showed that, between January and November 2022, the demand for industrial buildings in the capital was 1.4 million square meters, which has prompted developers to speed up their projects, locating land with infrastructure.

In this way, at the end of November of the current year, 640 thousand square meters of industrial space were under construction, an amount 25% higher than what was built in the same period last year.

Given the scarcity of land with adequate infrastructure for the construction of industrial buildings, developers have opted for the reconversion of old spaces that were already undergoing functional obsolescence and that could take advantage of a second opportunity under this modality

Vallejo represents the best example of conversion, being a traditional industrial corridor located to the north of the city and where government support has been key to promoting the installation of companies.

It should be remembered that this industrial estate benefits from the Vallejo-i Project Development Plan, promoted by the Azcapotzalco Mayor's Office and the Mexico City government. Some of the companies that have opted for this area for their last-mile operations are the giants of electronic commerce and parcels: Amazon, Mercado Libre and Fedex.

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The developer O'Donnell has also been part of the transformation of the area, since, at the beginning of December, it announced the acquisition of land in which it will invest 116.28 million dollars for a property with 91,000 square meters of rentable area, located in the Gustavo A. Madero Mayor's Office and called O'Donnell Vallejo.

This same company maintains its commitment to the conversion of other non-traditional last-mile corridors and explores new locations such as Coyoacán for its 2023 plans.

"In summary, the metropolitan area of Mexico City will continue to attract investments throughout 2023 due to the boom in recent years due to the reconfiguration of supply chains, which will allow it to strengthen its logistics profile as a benchmark at the national level" Solili confirmed.

In Solili you can consult industrial warehouses available in Tepotzotlán, Tultitlán and Toluca

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