It began in 2022 and at the end of February, Mérida already registered a gross corporate demand of almost 3 thousand square meters in parallel with the advance of new office buildings for 35 thousand square meters, which represents about a quarter of the size of its current inventory.

Even though the entity is, together with León, one of the emerging markets at the national level, part of the interest of investors and inhabitants has to do with the quality of life that takes place here.

Yucatan manages to position itself in tenth place in the 2021 State Competitiveness Index, prepared by the Mexican Institute for Competitiveness (IMCO). The fact stands out that in two of the indicators that are evaluated it achieves the first place, such as: Reliable and objective legal system, and the stable and functional political system.

Check here: Demand for offices is driven by quality, sustainability and well-being in the spaces

Both indicators mentioned above have to do with physical security and transparency, factors that not only demand investment itself, but also invite people of other nationalities to live in the area both for vacations and to live permanently.

It is also recognized that the pandemic has created new habits that have modified the way of living, working and having fun, so that more decentralized cities and where people live at a different pace are a great attraction for a base of buyers who seek refuge in environments with another rhythm of life.

Another sector that has triggered investments is the industrial sector, as outlined in October 2021 by the Governor of the State of Yucatan announcing the installation of two logistics centers with an investment of 70 million dollars.

To supply this productive and real estate growth in Yucatan, the Undersecretary of Energy of the Ministry of Economic Development and Labor (Sefoet), Juan Carlos Vega, reported that to supply the Peninsula, the CFE, Sener and Cenagas will invest 4.5 billion dollars.

Of interest: Querétaro among the first three places in national corporate demand

This infrastructure will allow Yucatan to increase from 140 to 400 million cubic feet of natural gas per day. This investment will have a positive impact on the industrial development of the entity, reducing the cost of production and placing Yucatan on the competitiveness radar.

As for new office projects, six buildings are currently advancing that seek to give the city a new profile, five of which are concentrated in the northern part of the city, specifically on the Boulevard Garcia Lavin and Cabo Norte submarkets.

The Sky would become the most emblematic tower in terms of its height of 36 stories and a net leasable area of 35,000 square meters where 16,000 square meters are still available.

The good rhythm that matches the supply and demand of a market whose annual gross demand reached 11,000 square meters in 2021 makes the Yucatecan capital a healthy market, attractive for investors and companies seeking to expand in the country.