TUCSON, AZ, June 28, 2011 (Press-News.org) Rafael McCadden, Industrial and Logistics Director at Colliers International in Mexico City, recently sat down with The Offshore Group to discuss trends in the industrial real estate market currently affecting manufacturing in Mexico activities.
During the session, McCadden points out the differences characterizing today's Mexico industrial real estate market, when compared to those that were prevalent during the marked economic turbulence that dominated 2008, 2009 and the beginning of 2010.
In conversation, McCadden asserts that during this period, "there was not a lot of interest in Mexico by companies seeking to establish facilities during this time because of the financial crisis. The companies that were forward looking, however, moved to take advantage of the soft market in a way that will ultimately prove to be advantageous for their long-term plans and interests."
Furthermore, McCadden observes that much of the present demand for Mexican industrial real estate is being driven by movements within the automotive industry. Recent announcement of large scale projects by Mazda and Fiat to be executed in the State of Guanajuato and in the City of Toluca in the State of Mexico, respectively, will accelerate the investment by Tier 2 and Tier 3 suppliers over the medium term that "need to be right next to their customers' assembly facilities."
Individuals that are interested in learning about the present condition of Mexico's industrial real estate market are invited to listen to the podcast. It can be found in the "Cost Reduction Showcase" section of The Offshore Group's homepage. Additional Mexico outsourcing information can be accessed by subscribing to Offshore Group RSS Feeds.
ABOUT COLLIERS MEXICO
Colliers International is a leader in the provision of global real estate services, and is recognized for its entrepreneurial spirit. Through a culture of service excellence and a shared approach to the pro-activity, the company employs the foremost experts in real estate in order to accelerate its clients' success. Services include: Brokerage Sales and Leasing, Landlord Representation, Tenant Representation, Corporate Solutions, Investment Services, Real Estate Management Services and Valuation and Advisory Service.
ABOUT THE OFFSHORE GROUP
Offshore Group is the largest provider of outsourced manufacturing support, or "shelter" services in Mexico. Currently 57 manufacturers are in production are at The Offshore Group's three industrial parks in Sonora and the city of Saltillo, Coahuila. Through its Vangtel subsidiary The Offshore Group also offers services to companies occupying the call center, IT development and BPO markets, while the International Logistic Solutions Company (ILS) is a leading provider of supply chain services. The Offshore Group has recently initiated operations in Mexico's second largest city, Guadalajara.
Website: http://www.offshoregroup.com
Offshore Group Podcast Examines Mexico's Industrial Real Estate Market
Rafael McCadden of Colliers International speaks to The Offshore Group and lends his expertise in this audio overview of Mexico's industrial real estate market.
2011-06-28
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[Press-News.org] Offshore Group Podcast Examines Mexico's Industrial Real Estate MarketRafael McCadden of Colliers International speaks to The Offshore Group and lends his expertise in this audio overview of Mexico's industrial real estate market.