The Report Covers Mexico's Commercial Real Estate Market Trends & Size, and It is Segmented by Type (office, Retail, Industrial, Logistics, Multi-Family, and Hospitality). The Market Size and Forecasts for Mexico's Commercial Real Estate Market are Provided in Terms of Value (USD) for all the Above Segments.

The commercial real estate market in Mexico has grown since 2018, despite contracting during the coronavirus pandemic. As of the last month of 2024, the value of commercial real estate in Mexico was estimated at close to 595 billion U.S. dollars, up from 398 billion U.S. dollars the year before.

Mexico Commercial Real Estate Market size was valued at USD 269.62 Billion in 2023 and is projected to reach USD 355.03 Billion by 2031, growing at a CAGR of 3.5% from 2024 to 2031.

Mexico Commercial Real Estate Market Dynamics

The key market dynamics that are shaping the Mexico Commercial Real Estate Market include:

Key Market Drivers

Economic Growth: Mexico's GDP increased by 5% in 2022, indicating a solid economy that is driving up demand for commercial real estate. The services sector, which includes real estate, grew by 4.9% during the same period, according to Mexico's National Institute of Statistics and Geography (INEGI). This expansion is mostly driven by increased foreign investment, urbanization, and the growing demand for commercial space as businesses expand and adapt to changing customer demands. Population Increase: Mexico's population increased by 1.1% in 2022, leading to 126 million people, and forecasts show that it will reach 138 million by 2030.

The Mexico Commercial Real Estate market, valued at $53.60 billion in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 7.23% from 2025 to 2033. This expansion is fueled by several key drivers. Mexico's burgeoning economy, particularly in sectors like manufacturing and tourism, is creating significant demand for office, retail, and logistics spaces. Furthermore, increasing urbanization and a growing middle class are driving demand for multi-family residential and hospitality properties. Infrastructure development initiatives by the Mexican government are further bolstering the sector. However, challenges remain, including potential economic volatility and regulatory hurdles that could impact investment decisions. Competition within the sector is intense, with both established international players like Hines and Savills Mexico, and dynamic domestic companies such as Grupo Sordo Madaleno and Grupo Posadas, vying for market share. The market is segmented across various property types: offices, retail, industrial, logistics, multi-family residential, and hospitality, each with its unique growth trajectory and influencing factors. Emerging technology, such as PropTech platforms like Flat and Reonomy, are also transforming the sector, improving efficiency and transparency in transactions. The forecast period of 2025-2033 promises continued growth, driven by ongoing economic development and targeted infrastructure improvements. However, prudent risk management and adaptation to evolving market conditions are crucial for companies operating within the Mexican commercial real estate landscape. The diverse range of companies involved, from large international developers to innovative startups, indicates a dynamic and competitive environment with ample opportunity for strategic players. Sustained growth hinges on managing factors like inflation, interest rates, and ensuring alignment with government policies to navigate challenges and capitalize on the expansive opportunities presented by Mexico's evolving economic landscape. Recent developments include: • June 2023: Prologis, Inc. and Blackstone announced a definitive agreement for Prologis to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with Blackstone for USD 3.1 billion, funded by cash., • April 2023: Colliers announced it has acquired a controlling interest in Greenstone Group Ltd (“Greenstone”), a leading New Zealand project management and property advisory firm. The Greenstone senior leadership team will remain significant shareholders of the business under Colliers’ unique partnership model. Greenstone offers project management and property advisory services to a diverse range of end markets, including commercial and residential developers and the government, education, and infrastructure sectors. Greenstone’s professional services are delivered by more than 55 professionals across four offices in New Zealand., . Key drivers for this market are: 4., Increasing foreign investments driving the market4.; Increasing urbanization driving the market. Potential restraints include: 4., Increasing foreign investments driving the market4.; Increasing urbanization driving the market. Notable trends are: The Offices Segment is Occupying the Significant Market Share in the Market.

The Mexico Commercial Real Estate report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.

Greater Mexico City, Tijuana, and Guadalajara had the highest annual rent per square foot of industrial real estate among select cities in Mexico in 2024. In the second half of the year, the annual rent for a square foot of industrial space in Monterrey, the second-largest market in the country, stood at **** U.S. dollars per square foot.

The Latin American commercial real estate market presents a compelling investment opportunity, fueled by a robust CAGR exceeding 4% from 2019 to 2024 and projected to continue its growth trajectory through 2033. Significant drivers include burgeoning urbanization, expanding middle classes in key countries like Brazil, Mexico, and Colombia, and increasing foreign direct investment attracted by economic growth and infrastructure development. The market is segmented by property type (office, retail, industrial, logistics, multi-family, and hospitality) and geography (Brazil, Argentina, Mexico, Chile, Colombia, Peru, and the Rest of Latin America), reflecting diverse investment opportunities across varying economic landscapes. While the market shows considerable potential, challenges persist, including political and economic instability in certain regions, infrastructure limitations in some areas, and competition among established players and emerging startups. The presence of significant international players like CBRE and JLL alongside local firms such as Grupoguia and DNA Imoveis highlights a dynamic and competitive market environment, where both established players and new entrants are striving to capitalize on the growth potential. Further analysis suggests that the logistics and industrial sectors are likely to experience above-average growth driven by e-commerce expansion and manufacturing activity. The forecast for 2025-2033 suggests continued expansion, albeit potentially at a slightly moderated pace compared to the recent past, reflecting a more cautious approach to investment given global economic uncertainties. Brazil, Mexico, and Colombia are projected to remain the dominant markets, attracting the majority of investment due to their larger economies and more developed infrastructure. However, opportunities exist in other countries within the region, particularly as their economies mature and attract increased investment. The hospitality sector, while affected by recent global events, also demonstrates potential for recovery and growth, aligning with the resurgence of tourism in certain parts of the region. Successful navigation of the market requires careful consideration of specific country-level risks and opportunities, alongside an understanding of local market dynamics and regulatory frameworks. Key drivers for this market are: Overall economic growth driving the market, The growth of business and industries driving the market. Potential restraints include: Fluctuating economic conditions hindering the growth of the market, Difficulty in landownership and leasing rights affecting the market. Notable trends are: Recovery in Premium Office Segment Boosting Commercial Real Estate Market in Latin America.

The Real Estate Rental industry in Mexico includes companies that rent and lease real estate without using a broker or other form of intermediation. Establishments rent a variety of properties, including furnished and unfurnished homes; rooms for parties and conventions; offices and commercial properties; theaters; stadiums; auditoriums; land and industrial buildings. The market is largely segmented between residential and commercial leasing; revenue from residential rentals is expected to account for 47.7% of industry revenue in 2019, followed by commercial leasing at 42.0% of industry revenue. In 2019, revenue from storage and warehouse leasing is expected to account for 7.3% of industry revenue, with land leasing accounting for the remaining 3.0%.

Brazil, Mexico, and Argentina had the largest estimated value of commercial real estate in Latin America (LATAM) in 2022. In that year, the three countries made up more than half of the total LATAM market worth 5.7 billion U.S. dollars. Brazil alone accounted for 1.6 billion U.S. dollars in commercial property.

Latin America Real Estate Market is Segmented by Type (Office, Retail, Industrial, Logistics, Multi-family, and Hospitality) and by Country (Brazil, Argentina, Mexico, Chile, Colombia, Peru, and the Rest of Latin America). The market size and forecasts for all the above segments in value (USD billion).

The Latin American office real estate market, encompassing key nations like Brazil, Mexico, Colombia, and Chile, exhibits robust growth potential. Driven by expanding economies, increasing urbanization, and a burgeoning technology sector, the market is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5.5% from 2025 to 2033. Significant investments in infrastructure and a rise in foreign direct investment further fuel this expansion. However, economic volatility in certain regions and potential regulatory hurdles pose challenges. The market segmentation reveals Brazil and Mexico as leading contributors to overall market size, benefiting from robust economic activity and substantial corporate presence. Colombia and Chile also contribute significantly, with a growth trajectory closely linked to their respective economic performance and attractiveness to international businesses. While precise market sizing for 2025 is unavailable, leveraging the provided CAGR and assuming a 2024 market size of approximately $100 billion USD (a plausible estimate considering the scale of the economies involved), the market size for 2025 can be estimated to be around $105.5 billion USD. This growth is expected to continue, with further expansion fueled by the increasing demand for modern and sustainable office spaces, particularly in major metropolitan areas. Competition among major players like CBRE Group, Cushman & Wakefield, and local firms such as OAS S.A. and Andrade Gutierrez S.A., is intensifying, leading to innovation in design, technology integration, and sustainable building practices. The market is also witnessing increased adoption of flexible workspaces and co-working models, catering to evolving corporate needs. This demand for flexible solutions is likely to drive further investment and growth in specific segments of the market. Long-term prospects remain positive, though careful consideration of macroeconomic factors and localized market conditions is crucial for successful investment and strategic planning. The forecast period from 2025 to 2033 presents lucrative opportunities, particularly for companies offering innovative and sustainable solutions tailored to the specific needs of different markets within Latin America. Recent developments include: June 2022: Patria Investments ('Patria'), a global alternative asset manager, acquired VBI Real Estate ('VBI'), one of the top independent alternative real estate asset managers in Brazil, with approximately USD 75 Million in assets under management across both development and core real estate vehicles. The transaction is structured in two stages, the first of which entails the acquisition of 50% of VBI by Patria. The second stage, when closed, will lead to full ownership and integration of VBI to Patria's platform, January 2022: Brazilian real estate group SYN Prop e Tech has enlisted US firm Paul Hastings LLP and local firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to sell its stake in a portfolio of office buildings in São Paulo to Canadian asset management fund Brookfield for 1.8 billion reais (USD 318 million).. Notable trends are: Demand for Grade-A Offices, Co-working Offices to Rise.

The Latin American commercial real estate (CRE) market presents a compelling investment opportunity, exhibiting robust growth projected to continue through 2033. Driven by factors such as increasing urbanization, a burgeoning middle class, and expanding e-commerce logistics needs, the market is expected to experience a Compound Annual Growth Rate (CAGR) exceeding 4.00%. Significant investment in infrastructure development across key economies like Brazil, Mexico, and Colombia further fuels this expansion. The office, retail, and logistics segments are particularly strong, mirroring global trends. While the hospitality sector faced challenges during recent economic downturns, a recovery is anticipated fueled by a return to international tourism and domestic travel. The rise of flexible workspaces and the growing demand for sustainable buildings are shaping the sector's future, influencing development strategies and tenant preferences. Competition among developers and real estate agencies is fierce, with established national players and international firms vying for market share. This dynamic environment promotes innovation and ensures a diverse range of services and investment opportunities. Despite the positive outlook, several factors warrant consideration. Economic volatility in certain Latin American nations poses a risk, potentially impacting investment decisions and development timelines. Regulatory hurdles and bureaucratic processes can also create delays. However, the overall growth trajectory remains promising, especially with the increased focus on sustainable development and environmentally conscious building practices. The ongoing diversification of the economy across Latin America, supported by technological advancement and a growing digital presence, is a further contributor to the long-term strength and resilience of the commercial real estate sector. This expansion will undoubtedly present significant opportunities for domestic and international investors seeking exposure to emerging markets with high growth potential. Recent developments include: November 2022: Colliers CAAC, a regional holding company that currently holds exclusive sublicenses for Central America, the Caribbean and certain Andean countries from Colliers International, announced the acquisition of a Costa Rican real estate consultancy., January 2022: Colombian real estate startup Habi backed by SoftBank Group. acquired Mexican rival OKOL.. Notable trends are: Recovery in Premium Office Segment Boosting Commercial Real Estate Market in Latin America.

The Latin America Office Real Estate Market is Segmented by Geography (Mexico, Brazil, Colombia, Chile, and the Rest of Latin America). The report offers market size and forecasts in values (USD billion) for all the above segments.

Sao Paulo had the most industrial and logistics real estate space among select Latin American cities in 2024. About ****** million square feet of industrial property could be found in Mexico City, compared to *** million square feet in Panama City. Despite having some of the largest inventories, the Mexican cities of Monterrey, Tijuana, and Guadalajara led the ranking as the markets with the lowest vacancy rates.

Mexico's housing market demonstrates significant regional price variations, with Mexico City emerging as the most expensive area for residential property in 2024. The capital city's average house price of 3.91 million Mexican pesos far exceeds the national average of 1.73 million pesos, highlighting the stark contrast in property values across the country. This disparity reflects broader economic and demographic trends shaping Mexico's real estate landscape. Sustained growth in housing prices The Mexican housing market has experienced substantial growth over the past decade, with home prices more than doubling since 2010. By the third quarter of 2023, the nominal house price index reached 255.54 points, representing a 146 percent increase from the baseline year. Even when adjusted for inflation, the real house price index showed a notable 40 percent growth, underscoring the market's resilience and attractiveness to investors. The mortgage market is dominated by three main player types: Infonavit, Fovissste, and commercial banks including Sofomes. In 2023, Infonavit, a scheme by Mexico's National Housing Fund Institute which provides lending to workers in the formal sector, was responsible for the majority of mortgages granted to individuals. Challenges in mortgage lending Despite the overall growth in housing prices, Mexico's mortgage market has faced challenges in recent years. The number of new mortgage loans granted has declined over the past decade, falling by approximately 200,000 loans between 2008 and 2023. This decrease in lending activity may be attributed to various factors, including economic uncertainties and changing consumer preferences. The state of Mexico, which is home to 13 percent of the country's population, likely plays a significant role in shaping these trends, given its large demographic influence on the national housing market.

This dataset provides information on 5,502 in Mexico as of April, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

Residential Real Estate Mexico Market size was valued at USD 14.88 Billion in 2024 and is projected to reach USD 20.46 Billion by 2032, growing at a CAGR of 4.06% from 2026-2032.

Residential Real Estate Mexico Market: Definition/ Overview

Residential real estate refers to properties used for living purposes, which include single-family homes, condominiums, townhouses, and multi-family units.

These properties are primarily used for residential purposes and are not intended for commercial usage. Residential real estate is used for more than just shelter; it is also a significant financial investment, giving potential for rental income and long-term value appreciation.

The North American real estate brokerage market, valued at $227.08 million in 2025, is projected to experience steady growth, driven by factors such as increasing urbanization, a rising population, and a growing preference for professionally managed real estate transactions. The market's Compound Annual Growth Rate (CAGR) of 2.30% from 2025 to 2033 indicates a consistent, albeit moderate, expansion. This growth is fueled by robust activity in the residential sector, which typically constitutes a larger portion of the market compared to non-residential. Within the services segment, sales transactions dominate, though rental brokerage is also a significant contributor, particularly in urban centers experiencing high rental demand. Market segmentation geographically reveals the United States as the leading market, followed by Canada and Mexico, with each country exhibiting distinct market characteristics and regulatory landscapes influencing brokerage practices. Competition among established players like Keller Williams Realty, RE/MAX, and Coldwell Banker is fierce, with these firms continuously innovating through technological advancements, enhanced client services, and strategic acquisitions to maintain market share. The continued influx of smaller, independent brokerage firms adds another layer of complexity to this competitive landscape. The forecast period (2025-2033) will likely witness increased adoption of proptech solutions, streamlining processes such as property listings, virtual tours, and online contract management. This will lead to higher efficiency and potentially lower transaction costs. However, regulatory changes concerning licensing, disclosure requirements, and data privacy could act as potential restraints. Maintaining consumer trust and navigating ethical considerations surrounding data usage and algorithmic bias will be crucial for brokerage firms to successfully navigate the evolving technological landscape. The market’s growth trajectory will largely depend on macroeconomic factors including interest rates, inflation, and overall economic stability, which can significantly impact buyer and seller confidence and, consequently, transaction volumes. Recent developments include: June 2024: Real Brokerage Inc., North America's fastest-growing publicly traded real estate brokerage, reported a significant expansion, surpassing 19,000 agents after a robust month of recruitment., April 2024: Compass finalized its acquisition of Latter & Blum, a prominent brokerage firm based in New Orleans. Latter & Blum, known for its strong foothold in Louisiana and other Gulf Coast metros, has now become a part of Compass. This strategic move not only solidifies Compass' presence in the region but also propels it to a significant market share, estimated at around 15% in New Orleans.. Key drivers for this market are: 4., Increasing Urbanization Driving the Market4.; Regulatory Environment Driving the Market. Potential restraints include: 4., Increasing Urbanization Driving the Market4.; Regulatory Environment Driving the Market. Notable trends are: Industrial Rental Growth Faces Challenges Amidst Changing Dynamics.

The Mexico Facility Management (FM) market is experiencing robust growth, driven by a burgeoning commercial real estate sector, increasing urbanization, and a rising focus on operational efficiency across various industries. The market, estimated at approximately $XX million in 2025 (with the exact figure needing further research to fill based on the provided CAGR and study period), is projected to expand significantly over the forecast period (2025-2033) at a Compound Annual Growth Rate (CAGR) of 7.23%. This growth is fueled by several key factors. The increasing adoption of outsourced facility management services, particularly bundled and integrated FM solutions, is a major trend. Businesses are increasingly recognizing the cost-effectiveness and expertise offered by specialized FM providers, leading to a shift away from in-house management. Furthermore, the growth of the industrial and commercial sectors within Mexico is directly translating into increased demand for FM services, encompassing both hard FM (maintenance, repairs) and soft FM (cleaning, security). The rising adoption of smart building technologies and sustainable practices also contributes to this growth. However, certain restraints exist. Economic volatility, particularly fluctuations in the Mexican peso and potential disruptions to global supply chains, could affect investment in FM services. Furthermore, competition from a diverse range of domestic and international players necessitates strategic pricing and service differentiation for FM providers to thrive. The market is segmented by facility management type (in-house vs. outsourced), offering (hard vs. soft FM), and end-user industry (commercial, institutional, public/infrastructure, industrial). Major players like CBRE Group, ISS Mexico, Sodexo, JLL, and Cushman & Wakefield are actively competing for market share, leveraging their established global networks and expertise to capture growth opportunities in the dynamic Mexican market. To maximize profitability, these firms are focusing on offering tailored solutions and integrated services to cater to the specific needs of various client segments. Long-term growth hinges on successful adaptation to technological advancements, ongoing economic stability, and a consistent approach to providing high-quality, cost-effective FM services. Recent developments include: Feb 2022 - CBRE Group has announced the sale of Hotel San Cristobal. CBRE Hotels Mexico and CBRE Hotels USA represented MIRA companies in this sale, an international real estate investment, and development firm., Feb 2022 - CBRE Group, in partnership with CoreNet Global, has completed the annual study of corporate real estate management practices for its acronym in English CRE. The study revealed many evolving trends, including a shift in corporate real estate purpose and priorities. . Key drivers for this market are: Growing Emphasis on Outsourcing of Non-core Operations, Steady Growth in Commercial Real Estate Sector; Strong Emphasis on Green Practices and Safety Awareness. Potential restraints include: Growing Emphasis on Outsourcing of Non-core Operations, Steady Growth in Commercial Real Estate Sector; Strong Emphasis on Green Practices and Safety Awareness. Notable trends are: Single Facility Management to have a significant share.

The North American real estate brokerage market, valued at $227.08 million in 2025, is projected to experience steady growth, driven by several key factors. Increasing urbanization, a growing population, and shifting demographics are fueling demand for residential and commercial properties. The rise of PropTech, including online platforms and innovative marketing strategies, is transforming the industry, enhancing efficiency and accessibility for both buyers and sellers. Furthermore, favorable economic conditions in certain regions, coupled with low-interest rates in past years (though this may be changing), have historically contributed to increased market activity. However, potential economic downturns, fluctuating interest rates, and increasing regulatory scrutiny pose challenges to market growth. The market is segmented by property type (residential and non-residential), service (sales and rental), and geography (United States, Canada, and Mexico). Major players like Keller Williams Realty, RE/MAX, and Coldwell Banker dominate the market, leveraging extensive networks and brand recognition. Competition is intense, necessitating continuous innovation and adaptation to evolving consumer preferences and technological advancements. The market's future trajectory depends heavily on macroeconomic conditions and the ongoing adoption of technological innovations within the real estate sector. The segmentation of the North American real estate brokerage market reveals valuable insights into its composition. While precise regional breakdowns for the United States, Canada, and Mexico are unavailable, we can infer a significant concentration of activity within the United States, given its larger population and economy. The residential segment likely holds the largest market share, reflecting the substantial demand for housing across the region. However, the non-residential sector offers significant potential for growth, driven by commercial real estate developments and investments. Similarly, the sales segment is expected to dominate over rentals, although the latter is also experiencing increased demand, particularly in urban areas with high rental yields. The competitive landscape comprises both established national brands and smaller regional firms. Larger companies benefit from economies of scale and brand recognition, while smaller firms often specialize in niche markets, offering personalized service. The continued success of all players will depend upon their ability to adapt to the evolving technological landscape and changing consumer preferences. Recent developments include: June 2024: Real Brokerage Inc., North America's fastest-growing publicly traded real estate brokerage, reported a significant expansion, surpassing 19,000 agents after a robust month of recruitment., April 2024: Compass finalized its acquisition of Latter & Blum, a prominent brokerage firm based in New Orleans. Latter & Blum, known for its strong foothold in Louisiana and other Gulf Coast metros, has now become a part of Compass. This strategic move not only solidifies Compass' presence in the region but also propels it to a significant market share, estimated at around 15% in New Orleans.. Key drivers for this market are: 4., Increasing Urbanization Driving the Market4.; Regulatory Environment Driving the Market. Potential restraints include: 4., Increasing Urbanization Driving the Market4.; Regulatory Environment Driving the Market. Notable trends are: Industrial Rental Growth Faces Challenges Amidst Changing Dynamics.