During 2021, the logistics corridor Cuautitlan-Tultitlan-Tepotzotlan (CTT) was the undisputed winner in the industrial market in the Valley of Mexico, derived in part from the new connectivity infrastructure, according to Newmark.
According to the latest report of the industry market of Newmark in the Metropolitan Zone of the Valley of Mexico, which is one of the most dynamic regions of the country, the CTT corridor was the one that presented the best result in terms of absorption volume during 2021.
Its behavior was due to the current strategic location, since it has excellent connectivity to important roads, such as the Mexico-Querétaro highway, the Mexiquense outer circuit and the Chamapa-Lechería highway, which also provide connectivity to the main cities in the center of the country (Mexico City, Cuernavaca, Toluca, Puebla, Pachuca and Querétaro).
Precisely, the Cuautitlán-Tultitlán-Tepotzotlán corridor allowed the entire Metropolitan Area of the Valley of Mexico permeate movements that were not expected during 2021, after a 2020 practically stopped due to the covid-19 pandemic.
According to Giovanni D’Agostino, president in Mexico and regional director for Latin America of Newmark, throughout 2021 the activity of the CTT presented great movements.
For example, a series of lessons were given during the first quarter of 2021, where strategies were developed to make supply chains more efficient by tenants.
While in the second quarter, the movements of the last mile were present; by the third quarter of 2021, the movement within the CTT began to take new sights towards nascent industrial corridors due to the infrastructure works of the new Felipe Angeles International Airport (AIFA).
This will also generate in the future the opening of new industrial parks in the northern market area of the Metropolitan Area of the Valley of Mexico.
Meanwhile, for the fourth quarter, the Metropolitan Area of the Valley of Mexico was once again consolidated as one of the most dynamic with a class A industrial inventory that presented 13 million square meters, despite the fact that construction decreased, compared to the third quarter of 2021, presenting almost 440,000 square meters.
Meanwhile, the availability rate increased, going from 4.7% in the third quarter of 2021 to 4.9% in the last quarter of 2021, highlighting the submarket of CTT with more than 130,000 square meters of activity.
“The annual absorption went from 260,000 square meters to almost 670,000 square meters, that is, in 2021 there were almost triple the movements that were registered in the year the pandemic began,” the report detailed.
Regarding the most important operations registered in the Metropolitan Zone of the Valley of Mexico during the last quarter of 2021, those of the Tlalnepantla, Tepotzotlán and Cuautitlán submarkets stand out, with more than 20,000 square meters, corresponding to the logistics and technological business.
Likewise, there were movements of ships for rent in the field of electronic commerce, which granted more than 100,000 square meters to the activity of Tepotzotlán and 68,000 square meters to Cuautitlán.
Regarding the prices of the Metropolitan Zone of the Valley of Mexico, these suffered a slight increase in the last three months of the year compared to the previous quarter, this due to recent inflationary movements, as well as the lack of available space in some of the corridors.
The weighted average price is 4.34 dollars per square meter; price slightly higher than the third quarter of 2021 of 4.20 dollars per square meter.