In Mexico, investments in new industrial parks continue despite the uncertainty generated by Donald Trump's trade policies. Companies paused investment decisions, awaiting the results of the U.S. presidential election. The imposition of tariffs on the Mexican industry by Trump could slow down exports and affect the growth of demand for industrial spaces in the country.
Although the threats of tariffs could create a negative scenario for the industry, investments have not yet stopped. According to Francisco Muñoz from CBRE, the worst-case scenario would be a slowdown in production, which would affect border markets. Despite this, the market for industrial spaces and parks experienced steady growth in 2024, and it is expected that companies will resume their plans in 2025.
Organizations like Finsa are announcing new industrial parks, and the government plans to build 100 more parks. In 2024, the gross absorption of industrial spaces increased by 3.4% compared to the previous year. Despite the threat of tariffs, Giovanni D'Agostino from Newmark indicates that no projects under construction or planning have been suspended so far, although the imposition of tariffs could affect sector activity and discourage investments.
In terms of the sectors most affected by tariff policies, the automotive, construction, metallurgical, and steel sectors stand out. Automotive plants in Mexico could be particularly harmed due to their dependence on inputs subject to tariffs.
