When we analyze the corporate sector and its performance at the national level, there is a clear sign of gradual recovery in most of the markets covered by Solili.

Markets such as Monterrey y Guadalajara put together the last two quarters with positive figures, while the country's capital already achieved a net demand of just over 67 thousand square meters in 4Q 2021. Let us remember that only these three entities group 91% of the national corporate inventory.

Mexico City, due to its amount of inventory, which almost reaches 11.5 million square meters, is where the main trends of the changes that this important real estate investment sector has been going through begin.

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Tijuana has been the only atypical case where, even in the two years of health crisis, it always maintained positive net demands and that throughout 2021 this volume has remained practically constant in the order of 5 thousand quarterly square meters.

Querétaro, for its part, has maintained its average price at $13.91 dollars per square meter per month, which represents a downward adjustment of 7.3% per year, managing to reduce its vacancy to 18.24%, this complemented by a record throughout 2021 of absorptions positive net.

The reconversions of corporate buildings to be transformed into hospitals, residential and hotel projects, or the increasingly frequent combinations of mixed uses, give rise to new formats where the offer is adapting to the terms dictated by demand.

More and more flexible space options fill the market with versatile areas to respond to the growing need for interaction and connection outside the home office circle, with which it seeks to complement itself.

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Institutional companies see in their office buildings a continuity of the corporate culture that seeks to attract the best human resources where salary, benefits and, above all, the flexibility to complement personal and work life are key for the worker at the time of the election.

Another determining factor is the slowdown in the start of new constructions, while those that were advanced are finished and incorporated into the inventory.

In Mexico City, the decreases in construction have been 15% and 22%, if the closings of the fourth quarter of the year of 2019, 2020 and 2021, respectively, are compared.

As the markets and their authorities respond to the still latent threats of Covid-19 and its variants, entrepreneurs and developers are informed of how market cycles work, we will see a demand that recovers significantly towards the middle of 2022.