As Mexico's Broad Commercial Real Estate Booms, Second Tier Cities Attract Attention Norberto Gaona - Nearshore Americas
go to original June 16, 2014

The Intel Design Center in Guadalajara. (CÍVITA)

Mexico’s commercial real estate industry is experiencing a second wave of growth brought about by the creation of investment trusts, significant changes in regulations, competitive land prices and the economic development of new business centers across the country.

According to The Mexican Association of Real Estate Professionals, the sector is expected to see a growth of 6% in 2014, which, according to its president, Martha Ramirez Gallegos, will exceed the predicted 2.77% GDP growth for this year.

In a recent annual survey conducted by The Association of Foreign Investors in Real Estate- (AFIRE) Mexico was listed as the third highest emerging country for commercial real estate investments, following China and Brazil. Without a doubt, this real estate boom is reflected in the growing number of residential, commercial and industrial construction projects being carried out in Mexico City, Monterrey, Guadalajara and Queretaro, to name but a few.  These are literally changing the face of the country.

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