In 2021, the city had an improvement in gross absorption, unlike last year in Q4, since the figure on this occasion closed with a little more than 27 thousand square meters.

Monterrey ends December 2021 with the highest amount of the entire 4Q, although the general figure for the three months was 11% below the previous period, so the third quarter was the one with the best performance of the year.

The preference for both conditioned spaces and gray work is maintained, as in the third quarter, and there was an increase in transactions for space rental over sale. The submarket with the highest value of square meters was Valle Oriente.

Construction in general maintains a good pace in progress of works, although in some developments the option of modifying the percentage allocated to offices for a smaller amount and including residential use in different modalities is maintained.

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One of the aspects for which 4Q 2021 stood out is the delivery of five buildings that add 40 thousand 500 square meters to inventory, where the corporate tower of the Galerias Valle Oriente Ampliación complex, owned by Fibra Uno, rented in its entirety and It consists of 12,100 square meters of area for office use.

The tower is located near important complexes such as the Armida District of GM Capital and the Valle Oriente Corporate Park of U-Calli, where both national and foreign companies are located.

Torre 411 also completed works and has 14,700 square meters of new offices, its realization was in charge of Proyectos 9, a company that has other developments in its portfolio such as Centro Cuauhtémoc and Torre Sohl,  within the same Centro submarket.

Vacancy reached around 5,300 square meters, decreased by 66% compared to last quarter and 68% compared to 4Q 2020. This is also reflected in the net absorption that from the second half of the year presents positive numbers and if it continues in the same way, a stabilization process could begin in 2022.

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In the average price indicator, it ended with a 5% rebound compared to November to close at $18.32 dollars per month, per square meter, the same trend that occurred in all corridors in general, as a sign of perception of recovery in the market.

The balance that this market holds positions it as the one with the best performance at the national level and it is expected that by the second half of 2022, if the trend outlined in the last two quarters of 2021 continues, it could reach levels that it had prior to the pandemic.

It is no coincidence that developers at a national and regional level meet here who, measuring the opportunity of industrial growth throughout 2021 and projected in 2022, are ready with the necessary supply to cover the complementary demands of residential, commercial and corporate spaces.