The international financial crisis that has put North America, Europe and Asia on the verge of recession is causing a brake on investment and business expectations throughout the world. The Mexican real estate sector cannot be oblivious to this.

However, there are long-term bets that should be a worthy example to consider in real estate business in Mexico, especially in times of crisis.

In an interview with Real Estate Market, director of Reichmann International in Mexico and an expert on the subject of the corporate real estate market, Gerald (Rick) Ricker, shared the business vision for Mexico and other parts of the world.

Of interest: Spins a year of positive net demand in the country's office market

Richler pointed out that the corporate part of office development is very positive in the long term. And the main reason is that the Mexican economy is changing to a service economy, instead of an industrial economy, and since services live in corporate buildings, therefore the demand for them has grown in recent years.

He pointed out that if the economy as a whole grows at a percentage between 3 and 4 percent annually, "we are thinking that the services part will grow between 4 and 6 percent, unlike the industrial part that is doing it in ranges less than 2 percent."

And he added: "Reichman does not build a building and spend the money thinking that in one or two years we are going to retire, we always think that we are going to be here for five, 10, 15 or 20 years and therefore, consider the impact of the investment or decision being made today when the results will be felt many years from now.

Check here: Mixed-use projects are validated before long-term investments

It should be remembered that in the first years of operation of the Torre Mayor, it was perhaps half occupied and also in those first years the rental price of the offices in Mexico was not the most optimal. Today it certifies that this building operates at 100 percent occupancy, with about 10,000 people working daily.

"The Mexican economy continues to become even more global and the companies that are competing in the service sector are growing and demanding better and better office space, and that is precisely the product that Reichman is providing, so we want to continue to cover those needs," said the interviewee.

In Solili you can check available offices in Reforma, Santa Fe, Polanco e Insurgentes

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