Mexico's industrial returns will be supported by tight vacancies and continued rental growth, as manufacturers invest to capitalize on U.S. export demand.

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Industrial Real Estate: The Case For Mexico

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Executive Summary

Mexico industrial rent growth is surging and we expect it to continue - even after impressive rent uplift
Nearshoring needs and the USMCA elevated Mexico as an important manufacturing location for U.S. demand, supporting ongoing expansion and industrial demand
Mexico's country risk premium and expected rent growth have increased over two years, balancing each other and supporting fair market pricing today
The incoming Trump administration will push for higher trade barriers with Mexico (see page 4 for more background), raising downside risks to our base case outlook for high rent growth and investor demand

Mexico Industrial Real Estate

Managing 50+ million square feet of industrial real estate across 300+ properties in Mexico

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