Although the effects of the COVID-19 pandemic are still being felt in the corporate real estate market, it has been the medium and smaller ones such as Guadalajara, Mérida and Querétaro that have shown the best yields in demand towards February 2021.

The two largest markets nationwide, Mexico City and Monterrey, report an annual price contraction in the 2.5 and 3% ranges.

In the case of Mexico City, prices increased in some corridors, as in the case of Lomas Palmas, which reported a monthly increase of almost 1% and others such as Bosques and Santa Fe have remained at the same levels.

According to the real estate analysis platform Solili, in the case of Guadalajara, the accumulated gross demand figure as of 2021 is just over 8 thousand square meters.

While that of Querétaro is around 4 thousand meters, of which the demand for sale is increasing, the same case happens in Mérida where as a result of the sale of spaces the market has sold a little more than 2 thousand square meters during January and February.

For example, in the north of Mérida, in Yucatán, it has established itself in recent years as an ideal demarcation for corporate development since it offers options to trigger urban development and expand the city's connectivity.

Although the average rental price for this market was 18.55 dollars per square meter per month ($ 18.55 USD / m² / month) - which places it with one of the highest nationally, only below Mexico City - the Flexible payment schemes provided by marketers have proven attractive to investors.

Mérida managed to stand out for its offer of spaces that contemplate the design of buildings for multiple uses such as Aqua Avenue or Sky Work, which represent 50 percent of the built area, and which house hotels, corporate offices and even medical offices.

Taking as a reference the growth that the inventory will have in the next three years, Mérida stands out, which will grow by 30%, Puebla, Querétaro and León in the order of 20%, while Monterrey 18%, that is, the numbers of Construction as of February continues to be high in almost all markets, however, they correspond to projects launched in pre-pandemic periods.