The event, organized by Cushman & Wakefield on October 1, 2026, featured a panel of experts followed by Covarrubias’ keynote. His focus: how U.S. productivity changes, particularly in high-value sectors like computing, electronics, and aerospace, could reshape Mexico’s economic role. He framed the discussion around three risks: fiscal policy, financial volatility, and the ability to execute large-scale projects.
Technology is altering demand patterns in ways that directly affect real estate. Covarrubias pointed to data centers and their power needs as a key example. States like Querétaro are already positioning themselves to meet this demand, but he warned that energy availability remains a critical constraint for Mexico’s property sector. Large investments, he noted, require diverse financing, banks, private savings, and corporate capital working together. The tech boom isn’t guaranteed; execution and access to funds remain hurdles.
Mexico’s tech growth doesn’t translate neatly into economic gains. Covarrubias distinguished between export value and production volume, using servers as an example. Mexico often assembles imported components into finished goods, then exports them. The country’s share of actual value creation, beyond assembly, must be carefully measured. While firms are expanding in tech hubs across Mexico, he cautioned that rising export figures don’t fully capture industrial activity or real estate needs.
Public investment productivity is a long-term challenge. Covarrubias separated Mexico’s ability to meet financial obligations from its willingness to do so, focusing on fiscal sustainability. He contrasted consumption-driven growth with the need for productive investment, arguing that private-sector confidence and public-sector efficiency must advance together. Infrastructure, especially electricity, could rebuild trust if projects deliver results.
Access to capital remains a barrier. During Q&A, Covarrubias discussed proposals to improve corporate financing, emphasizing that these were discussions, not confirmed policies. A strong legal framework is essential for long-term investment, particularly in real estate. His closing point: Mexico’s tech opportunity hinges on aligning business interest, capital availability, and infrastructure execution.