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Mexico City Industrial Market

4Q 2023

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    • The Class A industrial inventory stands at 126.2 million square feet, with developments expected to be completed in 2024.
    • There has been an increase in the area under construction from the previous period, now totaling 6.3 million square feet.
    • In Mexico City, the vacancy rate continues at a historically low level of 0.5%, which presents a stark contrast to the 1.3% recorded in the fourth quarter of 2022.