CREW Network Hosts Market-to-Market Exchange with CRE Leaders in Mexico City

October 6, 2020
Written by: CREW Network
CREW Network leaders exchanged market insights with local CRE professionals in San Diego, Phoenix, Austin and Mexico City on Oct. 1.

CREW Network held its first market-to-market business discussion with counterparts in Mexico City on Oct. 1. Led by CREW Network board members Tiffany English, Jackie Orcutt, Holly Neber and Kathy Carr, the session was an invitation to share the value of CREW Network with local commercial real estate professionals as well as exchange market insights between San Diego, Phoenix, Austin and Mexico City. There are trade routes, logistics, manufacturing and industrial interests between the countries and local markets.

Key points shared by the group:

  • Investment in infrastructure due to expanding industrial/e-commerce

  • China losing logistics opportunities to Mexico and Canada

  • Cold storage in demand

  • Office slow and little opportunity at the moment, but space design continues to evolve with the crisis (social distancing space)

  • Flexibility and family are key right now

  • It’s a borrower’s market, moderate leverage and very competitive

  • Movement of goods from Mexico to Texas remains steady

CREW Network will be working within the local market to begin cultivating a chapter in the coming months.

Mexico City participants:
Rafael Berumen, Colliers International
Leticia Valenzuela, Cushman & Wakefield
Martha Millan, Newmark Knight Frank
Amy Henderson, CBRE
Elizabeth Velazquez, PGIM
Maria Elena Bravo, CBRE
Guillermo Peregrina, Ware Malcomb
Mariana Tapia, Colliers International

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