The corporate market of Puebla, with an inventory that exceeds 340,000 square meters, manages to rank fifth nationally by size. At the same time, the construction of 7 new buildings progresses, which upon completion will be added to the market about 50 thousand square meters that are available almost in its entirety.

Puebla is the corporate market that maintains the highest level of vacancy at the national level, exceeding 25%, although the corridors where practically all demand is concentrated as of 4Q 2021, such as Angelópolis and Centro Juárez, show slightly lower levels with 22.8 % and 24.5%, respectively.

However, two other segments of real estate investment, such as industrial and residential, could support a change in the medium term that affects the takeoff of corporate demand, such as the development of the industrial and residential market.

The industrial market, for its part, managed to overcome the difficulties brought about by the pandemic and reached a total gross demand in 2021 of 88 thousand square meters, which represented an increase of 137% compared to 2020. Other relevant indicators at the end of February 2022 they become the industrial vacancy and the average rental price, which are located at 2.1% and $4.1 dollars per square meter per month.

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The industrial dynamism together with initiatives of the state government in the execution of the Partial Plan of the Historic Center, approved in 2016, points to 250,000 people returning to live in the area within 15 years, for which the construction is projected. of 34 thousand vertical units.

This repopulation of the center seeks that old buildings can be reused in residential buildings, offices and premises, where for these last two products a return on investment of 15 years or more is estimated, so that it is attractive to investors and developers.

Currently the availability of office spaces in Puebla is around 48 thousand square meters, where there are spaces ranging from 135 square meters to complete towers with almost 24 thousand square meters, although the greatest availability is concentrated in sizes smaller than the 200 square meters.

Another element in favor of this market is its rental price, which closed in February 2022 at $13.3 dollars per square meter, 63% lower than the average for Mexico City.

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The tower with the greatest availability of spaces in Puebla is located on the Angelópolis corridor and has an average starting price of $14.41 dollars per monthly square meter, with floor plans of 551 square meters up to a total area of 23.8 thousand square meters developed by Grupo JV , with extensive experience in the real estate sector in the entity.

This property along with others such as Torre III Titanium Centro de Convenciones, Elemental Urban Youniverse, Torre Uma II y Torre Nexus, all class A ratify the constructive quality of the spaces in Puebla and price competitiveness when compared to other Mexican cities near the city, capital of the country.

Elements such as competitive rental prices in the market, as well as the quality of the construction, will be key for this market to perform better in the coming years.