Summary The central region’s markets (Mexico City, Hidalgo and Puebla) closed the third quarter of 2020 with a total inventory of 185.0 million ft2, a 4.21% year-over-year increase. By the end of 3Q-2020, the region’s vacancy rate was 6.69%, around 12.4 million ft2. Mexico City’s vacancy rate stood at 7.53%. YTD gross absorption totaled 6.2 million ft2. Meanwhile, 3Q-2020 recorded a gross absorption of 1.0 million ft2. The weighted average asking price for industrial space in the central region closed the 3Q-2020 at $0.43 USD/ft2/month, while the weighted average closing price stood at $0.49 USD/ft2/month. During the 3Q-2020 construction starts in Mexico City recorded 498,713 ft2.
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3Q20 Central
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