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 2021 – 2028
The Commercial Real Estate Market in Mexico size is anticipated to register a substantial CAGR during the forecast period, 2021–2028. 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 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.
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.
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 in Mexico - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
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 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.
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 (000’ 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
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 (000’ 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
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
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.
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