Special Nearshoring Section - Chinese Edition

Nearshoring in Mexico:

Demand in the industrial real estate market

SHARE OF ANNOUNCEMENTS OF NEW NEARSHORING INVESTMENTS IN MEXICO BY MARKET 2024-2026

The Nearshoring demand is starting a new cycle of expansions from companies that originally relocated their production to Mexico during 2020-2023. We are seeing announcements of assembly companies in the automotive sector, mainly of European and Chinese origin, to relocate to Mexico in the following years, which will con- tinue to increase the demand for nearshoring. Mexico has a great advantage in manufac- turing due to its available and competitive workforce, as well as its geographic location.

19%

Juarez

Mexicali

Saltillo

11%

1%

31%

Monterrey

La Laguna/ Durango

3%

Puebla

1%

13%

San Luis Potosi

Veracruz

4%

Aguascalientes

4%

Guanajuato

Mexico State

7%

INVESTMENT ANNOUNCEMENTS IN ELECTRIC CAR PLANTS IN MEXICO BY COUNTRY OF ORIGIN (% SHARE): 2022-2026

Queretaro

2%

1%

NEARSHORING ANNUAL GROSS ABSORPTION BY TRANSACTION TYPE AND BY MARKET: NEW TRANSACTIONS AND EXPANSIONS, 2019-Q1 2024

Japan 6%

Taiwan 6%

Canada 6%

17%

30%

26%

Monterrey

Saltillo

100%

1%

5M SQ. FT. Gross Absorption by Nearshoring in Q1 2024

Germany 33%

Juarez

100%

Mexicali

San Luis Potosi

Italia 11%

18%

2%

100%

China 11%

Queretaro

La Laguna 2

% New companies

2%

Guanajuato

100%

3%

100%

% Share National

Tabasco

South Korea 12%

United States 17%

1%

% Expansions

100%

CBRE MEXICO Torre Virreyes Pedregal 24, 17th Floor, Mexico City Tel: + (52) 55 52 84 00 00

CBRE MONTERREY Torre Cytrus, Piso 11 Roble 660, San Pedro Garza García Tel: + (52) 81 83 18 22

CBRE EL PASO 221 N. Kansas, Suite 2100, El Paso, TX 79901 Tel: + 1 915 313 8818

CBRE GUADALAJARA Torre Andares Corporativo Paseo, 8th Floor Tel: + (52) 33 36 11 20 83

CBRE QUERÉTARO Tel: + (52) 1 442 259 69 03 CBRE LEÓN Tel: + 800 439 0961

© Copyright 2024 CBRE The statistics contained in this report may represent different data than those used to generate the National Vacancy and Availability Index statistics published by CBRE’s Corporate Communications Department or by CBRE’s Econometric Research and Projections unit CTorto Wheaton Research). The information contained in this report has been ob- tained through reliable sources.Although we do not doubt its veracity, we have not verified it and therefore do not guarantee, justify or represent it. It is your sole responsibility to confirm the veracity of this information in its entirety. Any proiections, opinions or assumptions have been used as examples only and do not represent current or future market behavior. This information has been designed exclusively for the use of CBRE clients and may not be duplicated without prior authorization from CBRE. CBRE operates as CB Hillier Parker in the UK.

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