15/10/2024
To provide the country with the highest-quality infrastructure and attract more foreign investment through nearshoring, the Mexican Association of Private Industrial Parks (AMPIP) is promoting the installation of solar energy panels in projects intended for leasing industrial buildings in Mexico.
Jorge Ávalos Carpinteyro, president of AMPIP, expressed in Forbes Mexico that they anticipate an investment of 6,000 million dollars to install panels in half of the warehouses of affiliated developers, from a total of 80 million square meters available in different regions.
To achieve this, Ávalos explained that they would request modifications to the relevant regulatory frameworks to supply energy to companies using the infrastructure without overloading the electrical system and improving conditions for industrial activity.
What clean energies are used in Mexico by AMPIP?
AMPIP seeks to supply 1 megawatt of electricity thanks to solar energy, compared to the current 0.5 megawatts generated through solar panel infrastructure.
In this context, energy and water supply are among Mexico's challenges in attracting foreign companies and investments.
According to the Expansion newsletter, the demand for Build-to-Suit projects in northern regions of Mexico like Tijuana, Hermosillo, and Ciudad Juárez will become a trend in 2024, covering more than 40% of the total demand for spaces.
The demand for industrial spaces has brought infrastructure availability in the country close to 3%, according to El Universal journal, which reports data from Cushman & Wakefield. Therefore, developers also seek to adapt industrial buildings for lease to meet the necessary energy demands.
According to the newspaper, Mexico City, Monterrey, and Tijuana have the lowest space availability:
- Mexico City: Availability in the first half of 2024 reached 0.8% of an inventory of 197 million square meters.
- Monterrey: Registered 2% availability from an inventory of 172 million square meters in the first half of 2024.
- Tijuana: Availability was recorded at 4% in a 99.2 million square meters market.
Leasing of industrial buildings in Mexico on the rise
According to the report Nearshoring. Demand in the Industrial Real Estate Market IS 2024 from real estate consultancy CBRE, the commercialization of industrial spaces increased by 30% in the first half of the year, driven by the dynamics in primary markets.
The consultancy indicates that the commercialization of industrial and logistics spaces related to nearshoring and company relocation represented 35% of total demand.
In the context of attracting companies and increasing industrial activity in Mexico, Frontier Industrial offers industrial parks and Class A industrial buildings for lease in Mexico. These are located in the most important areas for manufacturing and have guaranteed energy and water supply.
Feel free to contact us to learn more about our developments.
