Nearshoring-related and total gross absorption, Mexico

MSF

Both Tier 1 and Tier 2 nearshoring demand have increased materially in 2019-22, driving the bulk of total absorption growth in Mexico.

(Please use a modern browser to see the interactive version of this visualization)

Source: Prologis Research, CBRE. Note: Tier 1 Nearshoring represents new absorption for companies that arrive to Mexico to manufacture to serve the North American market, as well as new production lines of foreign companies already in the country. Tier 2 includes B2B logistics’ providers primarily focused on import/export activity, as well as new space absorbed by local companies focused on manufacturing for exports.