They predict a reduction in industrial demand due to lack of space during 2024

After in 2023, the percentage of rents and the occupancy rate of Fibra Prologis reached historical levels due to the demand provided by nearshoring, a decrease in net absorption is anticipated for this year due to weaker deliveries of pre-leased spaces in the border and supply of space are precedents in CDMX.

Even with the forecast decline, net absorption in 2023 is expected to reach 39 million square feet, 61% above pre-pandemic levels. On the other hand, an increase in the vacancy rate of 2.3% was forecast in 2024.

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The industrial markets that continue to maintain an increase are Ciudad Juárez and Chihuahua. Under these events, the director of Fibra Prologis stated that optimism continues for this year, since the growth engines remain quite stable, recalling that the year 2023 presented historical highs.

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The trust's leasing volume focused on the industrial segment was 6.4 million square feet and renovations represented 77% of this activity, while occupancy set a new record of 99.8% at the end of the year.

The acquisitions involved an investment of 332 million dollars, this capital was raised in the Mexican Stock Exchange, in particular speaking of the Ciudad Juárez market represents a challenge due to a significant part of its vacancy that has not ensured enough electrical energy to be able to satisfy the needs of tenants.

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Original Note.