The country's capital managed to accumulate a gross corporate demand of 95,000 square meters between April and May 2023, which represents an increase of more than 35% compared to the same two-month period in 2022.

At the end of the first quarter of 2023, Mexico City reported 254,000 square meters, a figure that marked a dynamism with respect to the 90,000 square meters registered in 1Q 2022. With the exception that that first quarter of last year was marked by unemployment that exceeded gross demand, resulting in negative net demand.

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The popularity generated by the home office at the beginning of the pandemic has given way to the presence of the hybrid modality that multiple organizations have adopted, while many others have registered a return to their usual spaces. None of this is possible without the presence and adoption of technology that allows the work of teams that work exclusively in the office to mesh with another part of the team that opts for the hybrid model that allows work from spaces other than the office.

With the recent approval of the Official Mexican Standard NOM-037-STPS-2023, Teleworking, safety and health conditions at work, better known as the Home Office Law, as of June 8, the conditions that must be met by employees have been made official. employers and employees in the modality of teleworking or home office.

If we analyze the main real estate indicators monitored by Solili on its platform, we can see that vacancy in Mexico City has been decreasing month by month, registering 21.3% at the end of May 2023, which represents an annual contraction of one and a half percentage points, which although shows a gentle downward slope has been consistent over the past year.

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We must also add that the construction of corporate buildings registered its lowest level in the last 5 years with 770 thousand square meters, which has favored the slight decrease in vacancy. The Reforma, Insurgentes and Polanco submarkets manage to concentrate three quarters of what is built in the capital.

Meanwhile, the average rental price has remained constant around $21 dollars per monthly square meter. However, corridors such as Lomas Palmas, Bosques, Polanco and Reforma managed to register values above average.

The projection towards the end of the second quarter of 2023 indicates that the recovery of gross demand will continue, which will increasingly increase the average rental area amid rental prices that will remain without major shocks.