Monterrey stands out nationally as one of the most complete markets for real estate investment in Mexico. Being a city so close to the American market, it concentrates a significant demand for various goods such as industrial buildings, corporate, residential and commercial spaces.

At the end of 2022, Monterrey was the leader in the demand for industrial buildings, exceeding 1.8 million square meters per year. This growth brings with it the need for new office spaces that allow the development of business globally.

Check here: Solili offices report February 2023: demand grows 60% compared to the same two-month period of 2022

The annual demand for offices in Monterrey during 2022 exceeded 110,000 square meters, thus registering an increase of 30% compared to 2021. During the first month of 2023 we see sustained activity in gross office demand that allows it to exceed the 10 thousand square meters per month.

A large number of companies that demand offices have been reviewing the market and based on the wide variety of offers, they are willing to consider options for new buildings under construction that compete with the existing office supply. However, analyzing the demand in recent months, it is verified that it has favored existing buildings with already conditioned spaces to start operations.

It is interesting to note that in the last year vacancy has decreased by 5.6 percentage points while the wide range of characteristics of the offer allows a variety of options that seek to satisfy market preferences.

On the other hand, the net area of the new projects that are built exceeds 250 thousand square meters where more than 25 buildings are advancing under construction. It stands out that the availability in these projects is located at 56 thousand square meters with areas ranging from 150 to 12.7 thousand square meters.

The interesting thing about this new offer is that it will change the corporate profile of this important northern city, in the next three years. Buildings like Torre Rise, Sohl, Lola y Balzac will exceed 40 levels and have mixed-use concepts in the same area that look very attractive to potential tenants.

Of interest: The adaptability of the office market to flexible work

In these projects under construction, where the majority qualify as Class A, we will find diverse options where the majority of typical plants range from 800 to 2,200 square meters. In these buildings, the developers have dedicated some of their floors to the design of smaller spaces that allow finding multiple options for spaces from 50 to 200 square meters, opening up a range of great diversity of sizes.

Another conclusion derives from the fact of the proven capacity of the great institutional developers of our country that have the operational and financial capacity and the disposition of technical and professional human resources capable of complying in a timely manner with these large industrial works.