The last decade has been distinguished by the massive irruption of digital technologies, so investing in them is an essential factor to increase the profits of companies

The needs for workspaces changed radically around the world after the pandemic; Although companies have realized that they can operate in smaller offices, now they are also willing to pay for more comfort and connectivity that allows them to accelerate their productivity.

This dynamic has reconfigured the entire office real estate market, one of the hardest hit by the health crisis. However, the operators of these spaces are beginning to adapt to trends, a fact that, together with the reactivation of activities, has encouraged the recovery of the sector.

Check here: Vacancy and office prices in Querétaro are at pre-pandemic levels

According to the Solili real estate platform, corporate demand (occupations) at the national level exceeded 770,000 square meters from January to November 2022, a figure equivalent to an increase of 77% compared to the same period in 2021.

"Current conditions allow us to project that 2023 will maintain the recovery and we will continue to face downward vacancy adjustment scenarios, which will be a decisive signal for interest in starting new projects to begin," Solili said.

It is worth mentioning that not all markets have grown at the same rate, since Puebla, León y Querétaro are above average.

According to data from Solili, the highest growth occurs in the country's capital, which has almost reached 520,000 square meters of gross demand in the past eleven months of the year, which is 100% higher than last year.

According to reports from the platform, throughout the year, entire buildings with surfaces of less than 5,000 square meters have been occupied in corridors such as Polanco, Insurgentes y Lomas Altas. At the same time, various tenants make changes towards modern or better technologically equipped spaces.

Of interest: Reconversion of offices must overcome the structural challenge

Among the elements that have strengthened the office sector, the Real Estate Investment Trusts (Fibras) stand out, which completed the conditions for developers and investors to generate offers for large buildings.

According to Solili, these managed to change the profile of the main capital corridors, such as Reforma, Polanco, Insurgentes and Santa Fe, to satisfy the demand of multinational companies that were looking for long-term contracts and with rents in dollars for a dozen years.

In this order, Gonzalo Robina, deputy director of Fibra Uno, stated that the company's office portfolio will close 2022 with a significant occupancy rate of over 80%, which confirms the recovery of the market.

In Solilil you can consult industrial warehouses available in Guadalajara and Monterrey

Original note