Manya Rathore
Research expert covering India
Commercial real estate in Mexico - statistics & facts
Commercial real estate in Mexico is poised to grow in the coming years due to the increasing importance of nearshoring. As tensions between the U.S. and China persist, Mexico’s powerful neighbor seeks ways to secure production and supply chains by transferring operations closer to the end destination of the service or product. Mexico’s flourishing manufacturing sector, the country’s proximity to the U.S. market, and the United States-Mexico-Canada Agreement (USMCA) that entered into force in 2020 make the country an attractive nearshoring candidate. Investments in infrastructure, such as buildings, transport, urbanization, electricity, and telecommunications play a vital role in this development. In 2022, the country saw a dramatic increase in construction. Similarly, the country’s 402 billion U.S. dollar commercial real estate market also grew in 2022.
