Nearshoring Sparks Industrial Leasing Surge in Northern Mexico
The industrial leasing activity in northern Mexico is increasing due to nearshoring and logistics demand. Monterrey is set to reach nearly 2 million square meters by 2024, with Saltillo and Tijuana also experiencing record growth. Vacancy rates are below 2%, and rents have risen by 15% to 20% year-over-year.
Riviera Maya Hospitality Pipeline Expands
The Riviera Maya is drawing hospitality investments, with major projects planned for 2025. Developers are constructing luxury resorts in Cancun, Playa del Carmen, and Tulum, while local sponsors add boutique hotels. Despite rising land prices, over 12,000 new rooms are expected in the next three years.