The industrial real estate market in Mexico has become volatile due to the possible imposition of tariffs on manufacturing headed for the United States. Although by November 2025 there had been 94 new industrial park projects registered that would add 19 million square meters to the market this year, uncertainty has hindered their development.
According to the Mexican Association of Private Industrial Parks (AMPIP), the imposition of tariffs could affect the competitiveness of the Mexican industry and cause an estimated damage of 475 billion dollars, since 80% of the country's exports go to the United States.
The expected pause in the market is anticipated to reflect in the results of the first quarter of the year, especially in regions like northern Mexico, known for their high levels of exports in sectors such as vehicles, electrical equipment, and machinery. It is expected that between 2022 and 2029, 8 electric vehicle plants will be established in different states across the country.
The national market totals 83.95 million square meters, with 3.96 million square meters under construction by the end of 2024 and 2.99 million square meters available. Despite the uncertainty, cities like Tijuana, Monterrey, and Saltillo have recorded record levels in rental prices.
Leasing rates are expected to be affected in cities like Tijuana, Mexicali, Ciudad Juárez, Reynosa, and Matamoros, while sales transactions continue due to liquid investors looking for opportunities when the market stabilizes.
