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Investors concerned about the slowdown in the New York real estate market – Inmobiliare

The morning session continued with the panel “Industrial and logistics development”, which was moderated by Maria Falomir, regional VP of business development of CPA; in which Sergio Mireles, director and founder of Datoz participated; Adalberto Ortega, VP of new business at Vesta; and Bruno Alejandro Martínez, CEO of Alveo Kapital.

During his initial intervention, Sergio Mireles provided an insight into the current situation of the industrial real estate market in Guadalajara, which, throughout the year (mainly in the pandemic months) showed an ‘incredible’ performance starting with the inventory, since the city occupies the 8th position nationally in terms of total market size, with approximately 4.47 million m2 existing and in process building, a figure that represents an increase of 4.11% compared to 2019.

Regarding the start of construction, during the year works of about 160 thousand m were started2, that is, an annual increase of 33%, equivalent to 13% of the national activity throughout 2020.

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The current availability rate grew 152 basis points during 3Q2020 and ended with a rate of 6.09%, which is equivalent to more than 270 thousand m2 that are currently being marketed. These figures represent an increase of 39% compared to 2019, an increase that is mainly due to the dynamism of the construction of speculative spaces and is not due to the decrease in the activity of real estate operations.

Guadalajara is one of the three main markets with a positive annual percentage variation at the end of 3Q2020. Currently, it occupies the 4th national position in the amount of m2 absorbed, totaling more than 238 thousand m2 occupied during 2020 through 22 leasing and sale transactions, only behind Mexico City, Monterrey and Tijuana.

Regarding the lines that predominate the occupation, he pointed out that electronic components, food and beverages, consumer goods and services and auto parts are the ones who have a large part of the market, although the most prominent, with 30% absorption is that of storage and Logistics.

“We have observed a decrease in the activity of companies related to the automotive industry and an increase in those related to the automotive sector. Distribution and logistics, the proportion of companies carrying out these activities has been growing gradually similar to what happened between 2015 and 2016 ”.

Being the El Salto runner the one that has registered the most activity so far this year, since new operations have begun that have consolidated it as one of the most important in the capital.

To which Adalberto Ortega, added that the rapid growth that the pandemic provided to the eCommerce accelerated and changed consumption patterns, which also led to the transformation in the infrastructure necessary for new buildings.

“The important thing is to see that the infrastructure of warehouses and industrial parks It is changing towards large-format buildings, with greater height, better lighting and better interior temperature, due to the high traffic of personnel and merchandise. This is why cubic meters should be sold instead of square meters, taller and large-format buildings are needed ”.

He also commented that Guadalajara is an attractive city for foreign investors who need to export to U.S, as Mexico It has a lower engineering cost and a mature supply chain, with large companies that have been in the country for years and know the potential of the market.

Bruno Martínez, for his part, declared that the biggest challenge for the state is to have an institutionalized industrial market that is more robust, of better quality and sustainable, that is what will make Chinese companies decide to locate in the entity.

“Jalisco has an important geographical position, it is the entrance to the Asian market; it is peripherally connected to the Port of Manzanillo, El Bajío and Mexico City; and it also has a skilled workforce. So while we have a much more institutional industrial market, with more spaces of better quality and that are sustainable, that is what will attract foreign companies ”.

By Mónica Herrera and Rubi Tapia

In the following link you can see the panel Industrial and logistics development of REB+ Summit Guadalajara 2020

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