During the first quarter of the year, the industrial market in Mexico City maintained a stable level of demand, recording 208 thousand square meters, equivalent to 18% of the national demand.

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In contrast, vacanted space reached 216 thousand square meters, exceeding the demand recorded in the market during Q1 2026, resulting in negative net absorption for the period. The increase in the move outs was mainly due to some companies choosing not to renew their leases after expiration, thereby freeing up space and, in some cases, relocating to new industrial areas.

The release of industrial space was primarily concentrated in the submarkets that make up the CTT (Cuautitlán, Tultitlán, and Tepotzotlán), which accounted for 90% of the move outs during the period. Meanwhile, Iztapalapa recorded 7%, while Toluca accounted for the remaining 3%.

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As a result, the supply in Mexico City’s industrial market saw a significant increase, tripling the vacancy rate compared to the same period last year, reaching 3.5% by the end of March 2026.