Mexico City had the most industrial and logistics real estate space among select Latin American cities in 2023. About 14 million square meters of industrial property could be found in Mexico City, compared to 1.61 million square meters in Panama City. Despite having some of the largest inventories, the Mexican cities of Monterrey, Tijuana, and Guadalajara led the ranking as the markets with the lowest vacancy rates.
Volume of industrial and logistics real estate space in Latin America (LATAM) in 2023, by market
(in million square meters)
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Newmark. (March 15, 2024). Volume of industrial and logistics real estate space in Latin America (LATAM) in 2023, by market (in million square meters) [Graph]. In Statista. Retrieved January 24, 2025, from https://www.statista.com/statistics/1380930/industrial-leasing-space-latam-by-city/?__sso_cookie_checker=failed
Newmark. "Volume of industrial and logistics real estate space in Latin America (LATAM) in 2023, by market (in million square meters)." Chart. March 15, 2024. Statista. Accessed January 24, 2025. https://www.statista.com/statistics/1380930/industrial-leasing-space-latam-by-city/?__sso_cookie_checker=failed
Newmark. (2024). Volume of industrial and logistics real estate space in Latin America (LATAM) in 2023, by market (in million square meters). Statista. Statista Inc.. Accessed: January 24, 2025. https://www.statista.com/statistics/1380930/industrial-leasing-space-latam-by-city/?__sso_cookie_checker=failed
Newmark. "Volume of Industrial and Logistics Real Estate Space in Latin America (Latam) in 2023, by Market (in Million Square Meters)." Statista, Statista Inc., 15 Mar 2024, https://www.statista.com/statistics/1380930/industrial-leasing-space-latam-by-city/?__sso_cookie_checker=failed
Newmark, Volume of industrial and logistics real estate space in Latin America (LATAM) in 2023, by market (in million square meters) Statista, https://www.statista.com/statistics/1380930/industrial-leasing-space-latam-by-city/?__sso_cookie_checker=failed (last visited January 24, 2025)
Volume of industrial and logistics real estate space in Latin America (LATAM) in 2023, by market (in million square meters) [Graph], Newmark, March 15, 2024. [Online]. Available: https://www.statista.com/statistics/1380930/industrial-leasing-space-latam-by-city/?__sso_cookie_checker=failed
