Even in the midst of the changes that the labor model has undergone in Mexico after the pandemic, the Monterrey market manages to maintain a quarterly gross demand that moves between 20 and 30 thousand square meters, which has allowed a gradual decrease in vacancy.

When we review the graphs issued by Solili, vacancy has decreased by more than 7 percentage points between May 2021 and May 2023, to close with 13.9% during the fifth month of the year.

Consult here: Reconfiguration of work spaces aimed at the well-being of workers

As we have observed in the rest of the Mexican corporate markets, the start of construction was slowed down after the pandemic, where developers mediate the risk of starting new works in the presence of significant uncertainty not only in demand but also in change. of habits that were registering the companies regarding the use of the spaces.

However, this market, which has managed to exceed the average growth of industrial demand at the national level, continues to lead, occupying first place. Relocations have been the main trigger for the arrival of automotive, manufacturing and logistics companies that seek to complete their production chains with new companies that settle in Mexican territory.

With a metropolitan area that ranks second after Mexico City, the state of Nuevo León and its capital Monterrey have been able to develop their advantages in terms of leadership in Foreign Direct Investment that is underpinned by their proximity to the United States and the ability to attract and train skilled labor for a large number of economic sectors that settle there.

The growth of industrial investment creates the conditions for the real estate, residential, corporate and commercial segments to be encouraged, further increasing the competition profile of this northern city.

Of interest: Despite growing demand for offices in CDMX, stability in rental prices is expected

As a consequence, this corporate market has maintained relatively stable rental prices where, in the last three years, the sales operations of some portfolios have been favored, which foresee a growth in the demand for new corporate headquarters for rental.

So far this year we have registered sales operations that have occurred in projects that are still under construction, thus seeking to differentiate themselves with cutting-edge real estate products.

Within the office projects that are advancing under construction, we find several that will be iconic and that seek to change the profile of the royal city. BH Life Work, Torre Sohl, Balzac and Torre Vinta, have surfaces of more than 4,000 square meters in each of them, with the possibility of renting standard floors that are between 1,000 and 1,200 square meters.