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Nearshoring Fuels Credit Surge for Factory Construction in Mexico | Real Estate in Mexico

Industrial Warehouse

Over the past year, Mexico's commercial banking sector has witnessed a surge in credit demand from large companies for building factories, driven by nearshoring. A significant 55% of banks reported an increase in credit requests due to relocation factors, as disclosed by the Bank of Mexico (Banxico). This trend is expected to grow, with 88% of banks anticipating further demand over the next five years.

Banxico's survey, conducted among 29 banks, revealed that both domestic and foreign companies established in Mexico are expanding their production. In 2023 alone, over 120 companies announced public investment plans, totaling $44 billion. These investments primarily originate from the U.S. (55%), China (20%), Argentina (7%), Belgium (3%), Germany (2%), Taiwan (1%), and other nations (11%).

Market Analysis indicates that over 71 U.S. and 37 Chinese companies have leased industrial park spaces for production lines from January to September this year. These industrial parks are located across various Mexican cities, including Aguascalientes, Mexico City, Chihuahua, Guadalajara, Guanajuato, Ciudad Juárez, Matamoros, Monterrey, Nuevo Laredo, Puebla, Querétaro, Reynosa, Saltillo, San Luis Potosí, Tijuana, and Toluca.

Victoria Rodríguez Ceja, the Governor of Banxico, emphasized that Mexico's solid fundamentals make it an attractive investment destination for foreign companies. She noted that nearshoring is enhancing the country's economic growth dynamics, reflecting in surveys across different economic sectors. Investments linked to nearshoring are in various stages, with some companies beginning credit applications, highlighting the potential of nearshoring as a growth driver for Mexico​​.

Stay tuned! We will soon have new real estate investment opportunities in Mexico.

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