At the end of January 2024, gross absorption in Mérida was driven by the sale of office spaces in buildings under construction, a dynamic that was observed since last quarter. Buildings that are attracting the attention of investors, from large towers such as The Sky to smaller volume buildings such as Metro Business Center and Nubia.

The market has mixed-use properties that, in addition to office towers, also include shopping centers, apartments, restaurants and hotels, and medical offices in the city.

Of interest: January 2024 Office Report: Leasing begins the year with 115 thousand m²

With a total of 45 thousand square meters under construction, the white city has continued to be part of the investment destinations for developers and one of the most important is Paseo Country with almost 20 thousand square meters of which we hope to have news about its construction in the office part for the coming months.

Mérida promises significant growth by 2024, in addition to what is expected in terms of its economic and social development, since it will have significant investments from Walmart with 1 billion pesos, Chedraui with 3 billion pesos, an increase in nearshoring figures, which According to the Yucatan government website, it has been attracting 8% of the total.

Check here: Discover the office submarkets that capitalized on investments in Monterrey in Q4 2023

In turn, government actions such as the expansion of the Mérida International Airport and the Maya Train, to improve connectivity and the construction of two CFE electricity generation plants, among other projects, will modernize its infrastructure and logistics.

Without a doubt, the arrival of new investments means more jobs that will require an optimal workspace for the installation of corporations, so it is expected that Mérida will be ready, creating a favorable environment for this to happen.