Mexico City has solidified its position as a leading logistics hub in Latin America, demonstrating robust rental activity for logistics spaces. Despite this dynamism, companies are exhibiting increased caution, extending their evaluation periods for new occupations within the capital.
Mexico City’s Logistics Market Shows Strong Rental Growth
During the first half of 2026, the rental of logistics spaces in Mexico City surged to 345,000 square meters. This figure represents a substantial 37.1% increase compared to the same period in 2025, according to a report by Cushman & Wakefield on major Latin American logistics markets.
The report highlights that the first half of 2026 confirms an active yet more selective regional logistics market. Demand continues to be concentrated in larger hubs like Sao Paulo and Mexico City, while smaller markets experience greater year-on-year volatility.
Companies Prolong Evaluation Periods for Logistics Spaces
Despite the overall growth in rental activity, Cushman & Wakefield has identified signs of caution in Mexico City’s logistics market. A growing number of companies are prolonging their project evaluation periods, which is moderating the pace of absorption compared to previous semesters.
This trend suggests that while the demand for logistics spaces remains high, businesses are undertaking more thorough due diligence before committing to new leases. This cautious approach could be attributed to various factors, including economic uncertainties or a desire for optimal strategic alignment.
Mexico City Ranks Second in Latin American Logistics Activity
Mexico City maintained its standing as the second most active logistics market among the analyzed cities, surpassed only by Sao Paulo. With 345,000 square meters of rental activity, the city also secured the second position in terms of inventory and area under construction.
The city boasts 14.39 million square meters of Class A and A+ logistics inventory, with an additional 995,110 square meters currently under construction. In comparison, Sao Paulo records 15.45 million square meters of inventory and 1.28 million under construction.
Robust Logistics Infrastructure Underpins Regional Importance
Collectively, Mexico City and Sao Paulo account for 67.3% of the logistics center inventory across major Latin American cities, totaling 44.31 million square meters by the end of the first half of 2026.
Mexico City also demonstrates a high level of logistics infrastructure per capita, with 660 square meters per 1,000 inhabitants. This places it second only to Sao Paulo, which has 745 square meters per 1,000 inhabitants, underscoring the capital’s significant logistical capacity.
Vacancy Rates and Rental Prices in the Capital
Regarding availability, Mexico City registered a vacancy rate of 3.6%, a two-percentage-point increase from the first half of 2025. Sao Paulo, by contrast, presented a vacancy rate of 3.9%.
The asking rental price in Mexico City reached 10.6 dollars per square meter per month, making it the highest among the analyzed cities. However, this figure also reflects a 4% year-on-year correction, indicating some market adjustment.
Regionally, the demand for logistics spaces remained active, with the development of new inventory primarily concentrated in Sao Paulo and Mexico City, as noted by Cushman & Wakefield.
