Industrial activity is an important driver of office demand, as we have seen in the main Mexican corporate markets such as Monterrey, Ciudad de México and Guadalajara, which together account for just over 90% of the national inventory.

Other emerging corporate markets are in a transition phase and are advancing both in the breadth of their options for sale and rent and in the variety of providers and developers that converge there.

Such is the case of Tijuana, Mérida, Querétaro, León and Puebla, which have the direct influence of their industrial markets, which will play an important role in the recovery of demand and boosting the growth of these markets since the arrival of foreign companies It fosters the demand for offices, since companies of such magnitude seek corporate spaces for the development of their administrative activities, which provide an institutional image, leaving behind a very common behavior that consisted of making use of offices inside industrial buildings.

Check here: Future of the office market in Mexico

In the case of Tijuana, the gross demand for offices grew by 110%, while the gross industrial demand grew by 63%, being one of the only corporate markets nationwide that have registered positive net absorptions during 2020 and 2021.

Another entity that has been consolidating as an industrial destination is Mérida, since it has land availability and various industrial developments in already established areas, which must continue to be a driver of corporate demand in 2022.

At the same time, its corporate market has been evolving with an inventory of 139 thousand square meters and an annual demand of almost 11 thousand square meters at the end of 2021.

In Mérida we will find innovative multipurpose projects that seek to create a new profile for the city, such as: The Sky, Mid Center, Aqua Avenue and Torre Uno-Via Montejo.

The same happens with León, which receives the direct influence of the Guanajuato industrial market, which accumulated 313 thousand square meters of gross demand in 2021, which represented a growth of 26% compared to 2020.

As of January 2022, the corporate inventory of León reaches 197 thousand square meters and cases such as the recent inauguration of the company HDI Seguros, a subsidiary of the German company Talanx, with an investment of 22 million dollars in a building of almost 43 thousand square meters are an example of the potential that the entity has to cover commercial opportunities in the area of the shoal.

Of interest: Global chocolate manufacturer Mars Wrigley expands offices in Querétaro

Another example in León of corporate demand has been the commitment of IOS Office in the shared office segment where it announced the recent installation of its concept in the Forum 4 Building, which will house 84 thousand square meters of multiple uses.

Querétaro, which together with Puebla are the most mature and institutional emerging office markets in the country, are advancing in their recovery and to a certain extent this is due to the increase in industrial demand, mostly carried out by international manufacturing companies, since they have chosen to demand office space in order to give the institutional and corporate image that the central offices request.

In general terms, there is an important correlation between the dynamism generated by the installation and development of industries and the increase in demand for both corporate, residential and commercial spaces.

From Solili we are perceiving an element that will play in favor of the demand for offices in emerging markets, which will be the boom in industrial demand that the country has been experiencing. 

The new companies that are arriving in the country no longer only demand industrial space, they also seek office space for their administrative activities, ensuring that employees have spaces where they can carry out these activities in a better way and with tools that facilitate their activities. projecting the institutional image that most international conglomerates seek.