According to the results of the 2021 Urban Competitiveness Index, Mérida managed to position itself in fifth place for highly competitive cities, in the category of more than a million people, prepared by the Mexican Institute for Competitiveness (IMCO).

This index evaluates 69 cities and they are classified into six levels of competitiveness, where Mérida qualifies in the category of high competitiveness. Factors such as the rule of law, society, the environment, the political system, the government, the economy and innovation are part of the winning elements that explain the preference of this entity for the arrival of foreign investments.

One of the factors that makes the selection of a place attractive is that it has a wide range of real estate options where it is possible to work, live, have fun and invest within a friendly society that allows the development of quality of life.

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If we analyze the corporate options, we will find a growing market that ended the year close to 11 thousand square meters of gross absorption, where the first half of the year was the one with the greatest activity in terms of transactions.

In this Q4 of 2021, both spaces for sale and pre-sales were within the interest of the market above rent, although the size of the average measure of rented spaces increased to 44 square meters, compared to the previous period.

Another relevant characteristic is that at the end of the year a greater number of rented furnished and equipped offices was reported than in the third quarter. These types of spaces are more and more common because they reduce costs and time for a company when it is installed.

Unemployment remained at relatively low levels, which caused net absorption to present positive numbers in all four quarters.

The Armorán Top building in the Blvd. García Lavín corridor, completed construction with 1,700 square meters of office area, already sold in its entirety.

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In this same corridor there are other representative developments of the city such as Orion Business Hub y City 32, which also finished construction in 2021.

Although construction has not had significant increases for this 4Q 2021, Torre Triada and Metro Business Center expect to start work by 2022 with a percentage of the area destined for offices already sold, so an increase in this activity is expected.

In addition, the city has the mixed-use World Trade Center project that will include corporate, which may also officially begin the excavation for the foundation.

This emerging corporate market, which aims to continue attracting both final investors and developers, faces a scenario of stable average prices, close to $17.7 dollars per square meter per month, where the Cabo Norte y Montejo submarkets are where demand is projected to detonate in 2022.