The transportation and logistics sector is positioned as the main driver of expansion in the Mexican real estate market, according to the Investment Sentiment Survey by consulting firm CBRE Mexico for the first quarter of 2026 (1Q26). The study reveals that 83% of investors will maintain or increase their exposure to real estate , in an environment of greater macroeconomic stability and expectations of a less restrictive monetary policy.

Industrial and logistics lead the preferences with a 35% share, supported by a net absorption of 2.46 million square meters (m²) in the third quarter of 2025. Retail and data centers also strengthen their position with 18% and 8%, respectively, which consolidates them as diversification alternatives.

“The results of this survey confirm that the real estate market in Mexico enters 2026 with a more solid foundation, where price discipline, selectivity in transactions and a focus on strategic sectors such as Industrial and Logistics are shaping the course of investment,” said Lyman Daniels, president of CBRE in Mexico, Colombia and Central America.

The survey also indicated that investors identified the reduction in debt costs and the improvement in rental prospects , supported by controlled supply and firm occupancy demand, as key factors.

Regarding strategies, opportunistic and core approaches stood out , allowing for a balance of risk and return in portfolios. According to Santiago Mijares, head of capital markets Mexico at CBRE, this trend reflects a relatively stable macroeconomic environment and resilient demand , which opens up opportunities for value creation in the country’s main markets.

Capitalization rates remain stable compared to 2025 , with slight adjustments in industrials, transportation and logistics, retail , and business hotels, opening up performance opportunities in specific segments. Regarding markets, Mexico City remains the leading investment destination , with Monterrey holding steady in its position.

With the results of the Investment Sentiment Survey , CBRE Mexico confirms that the real estate market enters 2026 with a more solid foundation and that investors maintain confidence in Mexico , consolidating it as a key destination for real estate expansion.

Comment and follow us on LinkedIn:  @GrupoT21

El cargo Transportation and logistics lead real estate investment in Mexico apareció primero en T21.

Fibra MTY , a real estate investment company, reported a 24% increase in its Net Operating Income (NOI) from its properties in the first quarter of 2025 (1Q25)  and the acquisition of a property for $106 million from Mercado Libre, as part of its growth agenda.

“Net operating income from the same properties increased 24% compared to the first quarter of 2024 (1Q24), driven by the completion of several expansion projects, higher rents from commercial activity, and the performance of the peso against the dollar. This progress is also reflected in the approximate 30% growth in the value of investment properties over the last 12 months,” said Jorge Ávalos Carpinteyro, CEO of Fibra Mty.

The company also reported that it closed 1Q25 with a total return of 11.1% and total assets of 46,572.7 million pesos (mdp) , 117 properties in its portfolio, including 93 for industrial use, 18 for office use and six for commercial use.

In addition, its Gross Leasable Area (GLA) amounted to 1,889,801 square meters (m²) with an occupancy rate of 95.3% and its land reserve remained at a total of 912,546 m² .

Buy from Mercado Libre

Fibra MTY announced the acquisition of an industrial property with a total GLA of approximately 82,250 m² , 100% occupied by Mercado Libre in León, Guanajuato, for $106 million.

“On April 9, 2025, we completed the acquisition of a property with approximately 82,250 m² of gross leasable area, fully occupied by Mercado Libre, positioning it as one of our most significant tenants since the acquisition. It’s important to mention that, although we maintain our focus on industrial properties for light manufacturing, this transaction strengthens our participation in logistics warehouses and improves the portfolio’s ability to perform across different economic cycles,” said Ávalos.

Finally, the executive commented on the tariffs imposed by U.S. President Donald Trump and the benefit of integrating exports into the United States-Mexico-Canada Agreement (USMCA) . He said that the continued tariff-free trade under the USMCA further incentivizes long-term commitments to Mexico, especially in the industrial real estate sector.

Comment and follow us on X:  @GrupoT21

El cargo Fibra MTY reports property acquisition for $106 million apareció primero en T21.

Mexico City has been the main recipient of investment, mainly due to the relocation of companies, with 59% participation of the national total , which represents the income of 12 thousand 043 million dollars (mdd), according to data to the first quarter of 2024 of the Ministry of Economy (SE) .

In this context, CBRE , a real estate investment and services company, announced that, at the end of the first semester (1H) of 2024, the industrial market of Mexico City and the Metropolitan Area registered a gross demand of 854 thousand m2 , the highest historically in this market, driven primarily by pre-leasing.

 “Logistics had a very active, strong and dynamic first semester, and it has been the basis for continuing the second semester, which we hope will have the same pace ,” explained Francisco Muñoz, Executive Vice President of CBRE Mexico Industrial and Logistics sector.

In the second quarter (2Q) 2024, Mexico City and the Metropolitan Area have recorded the highest figure reported since 2Q 2022 in gross demand operations with 473 thousand 252 m2 marketed , of which, 63% belong to transactions from pre-leasing and 14% from renewals.

CBRE indicated that the dynamism in the market has motivated developers to invest in land reserves for build to suit developments , leaving aside speculative buildings or converting these spaces spec to suit (n birds that maintain the configuration of their construction , but with the possibility of customizing certain aspects according to the needs of your clients).

That said, as of 1H 2024 there is a construction pipeline of 1.1 million m2, of which 65% belongs to build-to-suit developments and 74 % is pre-leased.

The corridors with the most construction activity are: Cuautitlán (45%), Zumpango-AIFA (28%) and Tultitlán (18%), with estimated charitable deliveries during this year and the first quarter of 2025.

Likewise, CBRE predicts that by Q3 2024, more than 400 thousand m2 are expected to be incorporated , of which 42% will be incorporated in Tultitlán, 34% in Cuautitlán and 10% in the new Zumpango-AIFA corridor.

Regarding inventory , during 1H 2024 more than 110 thousand m2 were added , so much so that the class A inventory of CDMX closed the semester with 10.80 million m2d distributed in the 10 submarkets, with the CTT being the one with the largest existing inventory distributed the following way: Cuautitlán with 40%, followed by Tepotzotlán with 20% and Tultitlán with 18 percent.

Furthermore, according to CBRE, it is expected that at the end of Q3 2024, at least 400 thousand m2 will be added, closing the inventory with almost 11.2 million m2.

 On the other hand, the vacancy rate in this market reached 2% in Q2 2024, with 215 thousand m2 vacant and a difference of 0.8 percentage points above the figure recorded at the end of Q2 2023.

At the corridor level, the CTT maintains minimum vacancy rates; Tepotzotlán with 1.1%, Tultitlán with 1% and Cuautitlán with 0.7%, and it is expected that this indicator will remain downward due to the lack of industrial spaces and the trend of pre-leasing of spaces under construction.

At the end of 1H 2024, gross absorption operations (which include renewals and pre-leases) have accumulated 853,985 m2 marketed in this market.

The logistics sector remains at the forefront of activity in the market, contributing 50% of transactions, followed by e-commerce (23%), manufacturing (7%), food (5%) and pharmaceuticals (2%). .

 It is expected that the logistics sector will continue to capture activity in the market considering the projects that remain in the pipeline and that due to their configuration are especially aimed at this industry.

Comment and follow us on X: @GrupoT21

El cargo CDMX industrial market records historic numbers in the first half of the year: CBRE apareció primero en T21.