June 24, 2024 | Uncategorized
Mexico City is the largest metropolis in the country, so the consumption needs are very high. In this regard, its industrial real estate market has adopted an almost entirely logistical focus.
Within the industrial real estate market, there are areas with greater advantages for logistical activities. One of these is San Martín Obispo, located in one of the most dynamic submarkets in the country, in Cuautitlán.
San Martín Obispo is one of the major industrial areas closest to the center of Mexico City, located an hour or 40 kilometers north of the capital’s Zócalo. This is a strategic location, as it lies between Champa-Lechería and Mexico-Querétaro highways, facilitating the distribution chains for industry and commerce in the center of the country, especially in Mexico City.
In this regard, ten years ago, E-Group and Fibra Uno inaugurated San Martín Obispo 1 and 2 industrial parks, making the area one of the most important logistics hubs in the country with the arrival of these major developments. Additionally, there are industrial developments by Corporate Properties of the Americas (CPA), Finsa, Terrafina, among others.
San Martín Obispo has an inventory of 14.8 million square feet (ft²). Such is the importance of this area for the logistics sector that it has a vacancy rate of only 1.7%.
This logistics hub is home to major consumer companies, including Walmart, Grupo Zorro Abarrotero, OXXO, Pepsico, and Amazon, to name a few. It also hosts logistics companies such as Almer, Onest Logistics, and Hellmann, among others. Additionally, the courier giants Estafeta and FedEx are located here.
This area continues to develop, as at the end of 2022, industrial developer Vesta acquired a 21-hectare land reserve to build one million square feet in last-mile distribution centers (cedis) and logistics. This involved an investment of 118 million dollars (USD). Currently, Vesta is constructing two buildings in the south of San Martín Obispo under the name Punta Norte.
In summary, San Martín Obispo is a consolidated logistics hub, hosting global tenants in class A buildings. Vesta will leverage these competitive advantages and further reinforce the consolidation of this area.
For more information about San Martín Obispo, visit Datoz’s Availability 2.0 and Analytics 2.0. If you are not yet a client, request your demo.