Mexico: Industrial CRE Outlook Positive

BY CHRONICLE STAFF

The Mexican industrial real estate market is expected to increase thanks to the expansion of existing auto plants and growth of key sectors such as aerospace, medical and electrical appliances, Fitch Ratings says in a new report.

”The near-term outlook for the CRE industrial market in Mexico is positive," the ratings agency says. "The industrial market is nearing its mature stage; new construction is almost always rapidly absorbed while general vacancy, and lease rates have remained stable over the past five years. At the same time, the Mexican government strives to attract top international corporations and aims to replace some of the industrial business that has left for Asia and Eastern Europe."