As changes to the global marketplace have threatened its position as a leading low-cost manufacturer, Mexico has worked hard to re-position itself for continued economic growth and prosperity. Its manufacturers have neutralized China's threat to its export markets by moving up the valued-added ladder. New high-valued industries have emerged and are thriving. Innovative tax reforms have been enacted and are being used to fund major infrastructure projects and education programs.
So Far, So Good
The nation's bulk distribution property leasing markets held up well last year, despite the global credit crunch. The outlook for 2008 is uncertain. Insofar as the economy slows, so will the demand for space. But sharp cutbacks in new supply are also in the offing. Whether those property leasing markets are headed for a soft or hard landing during 2008 depends on which falls farther - demand or new supply.
Drive to Efficiency
In doing background research for this report, we came across an economic report entitled, "The Japanese Economy: What We Know, Think We Know, and Don't Know." Change the first three words of that title to read "The Japanese Logistics Property Markets," and it would then be an apt title for this report.
ProLogis is the world's largest owner, manager and developer of distribution facilities, with 542.3 million square feet (50.4 million square meters) of industrial space in 132 markets across North America, Asia and Europe.
At ProLogis, research guides the company's business and strategic decisions and is instrumental in identifying new trends and opportunities. Our research draws on the market expertise of industry leaders and of ProLogis' market experts around the globe.