Mexico City is the capital of Mexico. With a metropolitan area population of approximately 20 million, Mexico City is the largest urban area in Mexico and one of the most populous in the world.
Greater Mexico City is one of the most important economic hubs in Latin America and accounts for nearly a quarter of Mexico’s GDP. Its diverse economy is driven by business, financial and IT services, with services accounting for about 75 percent of economic activity.
The transportation system in Mexico City is largely based on motor vehicles. Two ring roads circle the city, and several expressways and toll roads connect Mexico City to other major Mexican population centers. Mexico City International Airport is the 16th-busiest airport in the world by number of aircraft takeoffs and landings.
The high spending power of greater Mexico City’s inhabitants makes the city attractive for companies that offer prestigious luxury goods. Demand for industrial real estate and warehouse properties in Mexico City is driven by local consumption.
Distribution and logistics play an important role in the Mexico City economy. Supply chain reconfiguration, ignited by a significant growth of e-commerce, is a key theme. Modernization of the supply chain is essential to ensure that distribution capabilities align with consumer expectations.
Prologis owns multiple industrial properties and warehouses in several locations in the Mexico City area.