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
About CREW Network
CREW Network is the premier business network dedicated to transforming the commercial real estate industry by advancing women globally. Our members are 12,000 professionals in 75+ markets worldwide and represent all disciplines of commercial real estate. Learn more at www.crewnetwork.org.