With almost 47 thousand square meters of gross corporate demand between January and April 2023, Monterrey advances, consolidating the second position at the national level after Mexico City.

Class A buildings, mostly existing and delivered in gray works, will characterize the demand for the first four-month period of 2023.

The South submarket stands out because it had 12% of the total absorption equivalent to 5,300 square meters, an activity that had not occurred in previous quarters. On this occasion, large buildings closed entire floors.

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It is on the South submarket where the delivery of Punto Aura, a mixed-use development with commercial premises, was registered, this being the format where we see the highest concentration of projects that include corporate use.

The spaces that registered sales transactions are located on the Santa María submarket within developments still under construction. Unlike the previous period, there were more closures of spaces for sale and adjustments in starting prices, mostly upwards.

Vacancy had a rebound to close at 10,000 m2, despite this, net absorption remained positive above 30,000 m2, in the same way as in the previous quarter.

It is well known that Monterrey is at the forefront with industrial demand indicators and that they represent close to a quarter of those registered in Mexican territory. The harmonious development of other uses such as housing, offices, commerce and urban equipment services entail the same upward pressure in demand, from what we have seen and will continue throughout 2023 the growth for these uses.

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Construction is another indicator of good performance and that is located above 248 thousand square meters where it has maintained good progress in different developments. The settlement of some projects is expected between the second and third quarter of 2023, such as: Elysium, Heroes 47, Sikara, Torre Vetro and the Grupo AlEn corporate, where nearly half of the available surfaces have already registered sales transactions and/or rents.

Another factor that affects this corporate market is the stabilizer that shows the average rental prices that manage to close the $18 dollars per monthly square meter at the end of the coat of arms of 2023 in the midst of a vacancy that fell to 14.5%, registered a decrease of 3.5 percentage points in the past year.