In 2024, we saw significant leasing activity, with a total of 7,731,781 square feet in rental agreements. Of this amount, 3,495,515 square feet were under new contracts, while renewals—with an average contract duration of six years—contributed 4,236,266 square feet. Our performance strengthens the portfolio and results in a healthy balance between new client attraction and the retention of existing clients, giving our properties a predominant presence in the market.

We acquired a 3,874,215.2 sq ft plot of land in Tijuana and another in the municipality of El Salto, Jalisco with a surface area of 1,406,982.9 sq ft. During the year we also sold a small plot of land in Bajío, in line with our asset recycling program.

We delivered 2,981,280 sq ft in new buildings, while new constructions reached 2,632,583 sq ft in states where Vesta has an active presence, with a weighted average return on estimated cost of 11%.