By SiiLA México
E-commerce, or electronic commerce, is an industry that takes a fundamental role in the country and in the economy during the last years.
Specifically, from 2019 to 2022, it has had a growth in its value of 27%, according to the Online Sales Study 2022 of the Mexican Association of Online Sales (AMVO); said report highlights that in Mexico, e-commerce is consolidated as one of the 5 countries with the highest growth for the third consecutive year.
Due to the growing demand for industrial warehouses within cities, which function as logistic spaces for companies dedicated to e-commerce, as well as locations within the area defined as last mile, industrial parks1, have become an investment attraction, hosting global companies, creating jobs and helping the economy within the country.
At SiiLA, we analyzed ten industrial asset markets (Aguascalientes, CDMX, Ciudad Juarez, Guadalajara, Guanajuato, Monterrey, Queretaro, Saltillo, San Luis Potosi and Tijuana) and from the research conducted quarter by quarter, we can observe that Class B industrial asset real estate maintained a higher price than Class A in this first quarter of 2022. This can be considered as part of the result of the recovery and use of logistics for the new normal. It is worth noting that by maintaining higher prices in one class than in another, there was also a change in the average availability rate from 4.91% in 1Q21 to 2.99% in 1Q22.
From these metrics, we can conclude that the relationship between e-commerce and industrial warehouses, especially those located near downtown, has been strengthening since the Covid-19 pandemic, and with the constant growth and demand for space in this market, it is expected that this trend will continue in a sustained manner for the foreseeable future.
To understand the behavior of the industrial market in the main institutionalized markets in the country, SiiLA developed Market Analytics, a cloud-based platform that includes metrics such as market price, new and historical inventory, gross and net absorption, among others. Request your demo: firstname.lastname@example.org
1It is known as a delimited and specially designed area for the settlement of an industrial plant in adequate conditions of location, infrastructure, equipment and services, with a permanent administration for its operation.