Mexico City has always set a national standard in terms of its ability to anticipate trends, spatial configurations and corporate business models, in addition to having 80% of the country's total corporate inventory.

The oversupply of spaces that at the end of April reached 21%, plus the number of 66 projects under construction, has forced developers to reinvent the design in their portfolio to enhance the commercialization of their spaces.

Read: Office Report Mexico City April 2021

The behavior of each submarket and the advantages that each property offers, configure the fabric of options that each developer faces when placing their properties on the market. Among some of the issues that will be most important will be considering providing spaces in shell or with basic finishes, offering more disaggregated formats instead of open floors or allocating a floor to the modality of shared coworking spaces.

In the same way, it must weigh within the distribution of independent offices, what part will be allocated to shared services and how the redesign of vertical or horizontal mobility flows must be adapted to follow the health protocols required by the competent authorities.

Under the scenario of evaluating whether the original concept would be functional and profitable, it can ultimately be considered to allocate part of the spaces for a segment other than the original, as in the case of the firm Fibra Uno that chose to change offices for hospital use, incorporating the necessary architectural and engineering changes to the project.

Similarly, other projects that were conceived for offices only, mutated towards multiple uses that include some businesses related to multi-family residential use, integrating everything to the original master plan.

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Another marked trend was the increase in the supply of coworking spaces in medium-sized buildings from 5 to 9 class B floors in central neighborhoods; which makes them more competitive in a market where large companies consolidated in Mexico offer this modality in class A buildings.

These medium-sized all-inclusive office services companies seek to serve niches such as startups or creative concept companies that prefer the flexibility of being able to choose between different payment schemes and access to services.

Although there is no consensus for the return of 100% of the personnel to offices by the government, the advance in national vaccination will play an important role, however, it will be necessary to consider that some companies will choose not to place all their personnel in offices but to a percentage, to the extent that they consider it more effective for their productivity.

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