Of the three largest corporate markets in the country, only the City of Mexico during 2021 raised pre-pandemic levels at the request of offices, revealed the real estate platform Dates.
At the virtual press conference, Sergio Mireles, general manager of the company, recorded that 2020, which was the first year of the pandemic, was very complicated for the real estate market in the country, debating and paralyzing economic activities and on the other hand, there is a reduction in mobility (these factors generate important contractions in the absorption of spaces, the lease negotiations are suspended, even a drop in occupations and returns on rent).
It seems, however, that 2021 saw one more stable year, with a paulatina recovery in the demand for spaces and where the capital of the country was removed.
Agreed with the specialist, the City of Mexico has an inventory of 10.3 million square meters. Specifically, 2021 will have a gross absorption of 240,000 square meters, an increase of 13% in 2020 and 6% compared to 2019.
Its recovery has been boosted by local reactivation plans (as well as the top 10 priorities – these are guaranteed vacancies for the whole population, support for the families and families, inversion of public mobility, water and social assistance emergentes for the reactivation of the construction, impulse of strategic projects with private, tourism and cultural reactivation, impulse to Vallejo-i, reactivation of Historical Center, circular economy and limpias energias, ciudad segura); also distances the companies of the financial and technological sector (as Facebook y Confio), which makes those who capture the demand for spaces.
Thus, the other large corporate markets of Mexico, such as Monterrey in New Leon and Guadalajara, Jalisco, are well located in the demand for offices that will raise the levels of 2019.
Guadalajara has an absorption of 51,000 square meters, this triple of the registered in 2020, per 11% lower in 2019.
While Monterrey saw the market with a lower absorption, with 24,000 square meters, it was 19% higher by 2020 but very much due to the rise in pre-pandemic levels.
“The three cities have shown signs of reactivation in the increase in demand for corporate spaces, while stability has not improved in the market, there are ten different ways to approach short and median space,” he recalls.
Retos for the CDMX
Sergio Mireles points out that he returned to the real estate market of the country for the year 2022, one of the largest centers to log the incorporation of the inventory that is under construction, which will be occupied; is a derivative of which is consolidating telecommunications.
“The biggest reason is to take time to occupy existing spaces and those that come with a construction process (…) Read to find the home office scheme and the remote work scheme, which will reduce it in general cantidad of corporate spaces and offices that need to be occupied ”, explained the Economist.
The inventory located in the capital of the country ascending to 1.3 million square meters, which is equivalent to the inventory of the Reform corridor.
Datoz’s founder also explained that this market has reinvented its spaces to adapt companies with working hybrid models and to attract those who opted for 100% remote systems through new schemes.
On the other hand, there is the possibility that the process of recovering from the office market will not be seriously slowed down by factors such as the influence of foreign economies, which will demand more space.
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Reference-www.eleconomista.com.mx