Mexico Commercial Real Estate Market Size | Report 2031

Segments - Commercial Real Estate Market in Mexico by Types (Office, Retail, Industrial, Logistics, Multi-family, and Hospitality) and Geography (Mexico City, Oaxaca, Chiapas, and Puebla) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Rucha Phatak

Report Description

The Commercial Real Estate Market in Mexico size was valued at nearly USD 260.3 Billion in 2022 and is anticipated to reach USD 348.64 Billion by 2031, expanding at a CAGR of 3.3% during the forecast period, 2023 – 2031. Growth of the market is attributed to the public–private partnerships, an improving economy, and increased government initiatives for infrastructure development. Commercial real estate is a property that is used only for commercial purposes or to offer a workspace, as opposed to residential real estate, which is utilized for living reasons.

Commercial real estate is frequently leased to tenants for the purpose of conducting income-generating operations. This vast category of real estate can range from a single storefront to a massive retail mall. Retailers of various types, office space, hotels & resorts, strip malls, restaurants, and healthcare facilities are all examples of commercial real estate.

Mexico Commercial Real Estate Market Outlook

Due to the immensely strong domestic market, notably the expanding middle class and growing performance of its industrial sector, the prognosis for commercial real estate remains optimistic. Because of the expansion in financial sources and real estate asset, the market offers fertile ground for development, investment, and diversification. Due to low oil prices and the strong US currency, American and Canadian customers are returning to Mexico after a several-year exile.

The Covid-19 pandemic affected the demand and supply of commercial real estate market in Mexico market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Commercial Real Estate Market Trends, Drivers, Restraints, and Opportunities

Public &private partnerships as well as an improving economy are projected to fuel the market during the forecast period.
Increase in the government's efforts to construct infrastructure is key factor propelling the market expansion in the coming years.
Weak economic activity following the pandemic and uncertain economic condition is estimated to hamper the market growth.
Increase in government investment in infrastructure development to aid real estate is expected to create significant opportunities for the market players.

Scope of Commercial Real Estate Market Report

The report on the Commercial Real Estate Market in Mexico includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Commercial Real Estate Market - Mexico Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Office, Retail, Industrial, Logistics, Multi-Family, and Hospitality)
Geographical Scope	Mexico City, Oaxaca, Chiapas, and Puebla
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Grupo Posadas, Onni Contracting Ltd, Hines, NAI Mexico, and Groupo Sordo Madaleno.

Commercial Real Estate Market Segment Insights

The office segment is projected hold a major market share

On the basis of type, the commercial real estate market is divided into office, retail, industrial, logistics, multi-family, and hospitality. The office segment is anticipated to hold the key market share during the forecast period. Demand for office space is increasing steadily.

Office space is in high demand from a variety of sectors. Government and financial services maintain their historic leadership positions, while technology and media continue to grow as major users of office space. Mexico City offers Latin America's biggest inventory of contemporary, high-quality office space.

Mexico City is expected to dominate the market

On the basis of geography, the commercial real estate market is classified into Mexico City, Oaxaca, Chiapas, and Puebla. The market of Mexico City is anticipated to dominate the market during the forecast period. The economy of Mexico relies heavily on real estate and tourism.

The tourist industry is one of the country's most important growth drivers, and it has a big influence on the real estate market. The area around the Mexico City district is seeing the most growth as a result of this cross-pollination of industries. Several real estate projects, including museums, shopping malls, and music halls are benefiting.

Playa del Carmen is another Mexican city where tourism is having an impact on real estate but in a different way. Beach resorts, music festivals, carnivals, and a party culture that attracts almost 12 million tourists are all popular among North American youth. This highly seasonal but consistent tourism makes real estate management easier, and the calm off-peak hours reduce the cost of hotels and other residences. Foreign purchasers in Mexico City tend to invest in new construction or commercial properties mainly from Brazil, Spain, and the United States.

Segments

The commercial real estate market in Mexico has been segmented on the basis of

Types

Office
Retail
Industrial
Logistics
Multi-Family
Hospitality

Geography

Mexico City
Oaxaca
Chiapas
Puebla

Key Players

Onni Contracting Ltd
Grupo Posadas
Hines
NAI Mexico
Groupo Sordo Madaleno

Competitive Landscape

Key players competing in the commercial real estate market in Mexico include Grupo Posadas, Onni Contracting Ltd, Hines, NAI Mexico, and Groupo Sordo Madaleno. Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Mexico Commercial Real Estate Market

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Commercial Real Estate Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Commercial Real Estate Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Commercial Real Estate Market - Supply Chain
  4.5. Global Commercial Real Estate Market Forecast
     4.5.1. Commercial Real Estate Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Commercial Real Estate Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Commercial Real Estate Market Absolute $ Opportunity
5. Global Commercial Real Estate Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Commercial Real Estate Market Size and Volume Forecast by Types
     5.3.1. Office
     5.3.2. Retail
     5.3.3. Industrial
     5.3.4. Logistics
     5.3.5. Multi-Family
     5.3.6. Hospitality
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Commercial Real Estate Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Commercial Real Estate Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Commercial Real Estate Demand Share Forecast, 2019-2026
7. North America Commercial Real Estate Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Commercial Real Estate Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Commercial Real Estate Market Size and Volume Forecast by Types
     7.4.1. Office
     7.4.2. Retail
     7.4.3. Industrial
     7.4.4. Logistics
     7.4.5. Multi-Family
     7.4.6. Hospitality
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Commercial Real Estate Demand Share Forecast, 2019-2026
8. Latin America Commercial Real Estate Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Commercial Real Estate Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Commercial Real Estate Market Size and Volume Forecast by Types
     8.4.1. Office
     8.4.2. Retail
     8.4.3. Industrial
     8.4.4. Logistics
     8.4.5. Multi-Family
     8.4.6. Hospitality
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Commercial Real Estate Demand Share Forecast, 2019-2026
9. Europe Commercial Real Estate Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Commercial Real Estate Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Commercial Real Estate Market Size and Volume Forecast by Types
     9.4.1. Office
     9.4.2. Retail
     9.4.3. Industrial
     9.4.4. Logistics
     9.4.5. Multi-Family
     9.4.6. Hospitality
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Commercial Real Estate Demand Share Forecast, 2019-2026
10. Asia Pacific Commercial Real Estate Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Commercial Real Estate Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Commercial Real Estate Market Size and Volume Forecast by Types
     10.4.1. Office
     10.4.2. Retail
     10.4.3. Industrial
     10.4.4. Logistics
     10.4.5. Multi-Family
     10.4.6. Hospitality
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Commercial Real Estate Demand Share Forecast, 2019-2026
11. Middle East & Africa Commercial Real Estate Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Commercial Real Estate Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Commercial Real Estate Market Size and Volume Forecast by Types
     11.4.1. Office
     11.4.2. Retail
     11.4.3. Industrial
     11.4.4. Logistics
     11.4.5. Multi-Family
     11.4.6. Hospitality
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Commercial Real Estate Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Commercial Real Estate Market: Market Share Analysis
  12.2. Commercial Real Estate Distributors and Customers
  12.3. Commercial Real Estate Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Grupo Posadas
     12.4.2. Onni Contracting Ltd
     12.4.3. Hines
     12.4.4. NAI Mexico
     12.4.5. Groupo Sordo Madaleno