Industrial Real Estate Drives Mexico’s FIBRAs Growth in 2025

Jan 19, 2026

Industrial and Office Assets Drive Mexico’s Real Estate FIBRAs Growth in 2025

FIBRAs Defy Uncertainty in a Complex Economic Year

While nearshoring activity moderated in parts of 2025 and macroeconomic conditions became more challenging, Mexico’s real estate investment trusts (FIBRAs) maintained a positive growth trajectory — led by industrial and office properties.

According to data from Asociación Mexicana de Fibras Inmobiliarias (Amefibra), total Gross Leasable Area (GLA) exceeded 31 million square meters by Q3 2025. This represents an annual increase of more than 2 million square meters, equivalent to 7.5% growth year over year.

To put that into perspective, the added space equals roughly 280 soccer fields or 22 Estadio Azteca stadiums.

Industrial and Office Segments Lead the Expansion

Between Q3 2024 and Q3 2025, every real estate segment represented by FIBRAs recorded growth, but two stood out:

Office assets: +13% GLA
Industrial assets: +8.2% GLA

Other segments also expanded, albeit at a slower pace:

Self-storage: +5.8%
Retail: +3.5%
Education: +3.4%
Hospitality: +3.2% (measured by operating rooms)

This data confirms a clear market signal: institutional investors continue to prioritize assets tied to productive activity, logistics, and urban business services.

USD 5 Billion Invested: Where the Capital Went

During 2025, Mexico’s FIBRAs invested approximately USD 5 billion in new developments and acquisitions, adding around 2.3 million square meters of new real estate to their portfolios.

The majority of this capital flowed into:

Industrial parks
Logistics and distribution facilities
Export-oriented manufacturing corridors

These investments reflect sustained demand from manufacturing, cross-border trade, and e-commerce, even as some nearshoring decisions were delayed rather than canceled.

Why Industrial Real Estate Remains Strategic

The continued expansion of industrial assets is not speculative. It is directly linked to:

Long-term manufacturing localization
Supply chain regionalization
Demand for modern, institutional-grade facilities

Even in a slower nearshoring cycle, industrial real estate in Mexico remains a structural pillar, not a cyclical bet.

Financial Performance Supports the Strategy

From a financial perspective, FIBRAs delivered average returns of 15% over the past three years, outperforming Mexico’s main stock index by 7.8 percentage points.

A notable milestone in 2025 was the market entry of Fibra Next, which debuted with:

Nine industrial properties
754,500 square meters of GLA

Its inclusion further strengthened the industrial weight within Mexico’s listed real estate ecosystem.

Governance and Long-Term Discipline Matter

Amefibra leadership attributes the sector’s resilience to disciplined capital allocation, regulatory monitoring, and stronger corporate governance standards.

Today, the FIBRA industry represents approximately 4.5% of Mexico’s GDP, underscoring its systemic importance to economic growth, employment, and infrastructure development.

Conclusion: Real Estate FIBRAs Anchor Mexico’s Expansion Story

Despite nearshoring volatility and economic headwinds, Mexico’s real estate FIBRAs proved resilient in 2025. Their focus on industrial and office assets aligned capital with long-term structural demand rather than short-term cycles.

For companies planning expansion into Mexico, this trend matters: institutional real estate availability, quality, and scale remain strong, supporting manufacturing and service-driven growth into 2026 and beyond.