News / Near-shoring drives Mexican warehouse space to historic lows

Warehouse vacancy rates in Mexico have sunk to historic lows in the wake of the near-shoring trend and, although the threat of tariffs has created uncertainty, the flow of foreign investment is expected to continue.

Warehouse occupancy in the central Bajio region jumped 51% last year, outpacing absorption of capacity in the rest of the country, despite strong growth in large cities and primary logistics hubs.

This drove the vacancy rate in Bajio down to 3.6%, ...