When a property is designed, it is not only done in aesthetic terms, it is also done with a functional sense. For example, a project originally intended to house offices or a shopping center does not have areas like those required by a clinic, hospital or laboratory, however, this does not mean that the building should be demolished and then a new one built from scratch.

During the development of the pandemic, a need arose to adapt and change the fate of many properties. This is how real estate projects were converted from offices to hospitals with the aim of maximizing space and taking advantage of it for the needs of the moment and the following years.

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Different Fibras reconfigured real estate into hospitals or homes, this is the case of FUNO, which has already completed two projects for hospital use in Guadalajara and Los Cabos.

This was a trend that became more acute among the Real Estate Trusts (Fibras) sector, especially to reconfigure properties from a current inventory in facilities with high demand such as hospitals and even housing, which opens the opportunity to cover the demand for certain services and represents a capacity for adaptation on the part of the real estate sector.

We can see it in different market players such as Fibra UNO, directed by André El-Mann, a firm that has already completed two projects to adapt them: Puerta de Hierro, located in Guadalajara and Los Cabos, in Baja California Sur, both converted for use hospital with gross leasable areas of 24,945 and 1,909 square meters (m2), respectively.

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In this sense, Fibra has already consolidated two more projects. The first, a satellite office project with a gross leasable area of 22,500 m2, is scheduled to be completed during the fourth quarter of 2024, the second, another office project, La Viga, whose gross leasable area of 25,222 m2 is estimated to be completed. in this third quarter of 2022.

With these examples, it can be seen that the reconversion of spaces is a response that the real estate sector materializes to show its ability to adapt to the new and future needs of its tenants, especially in urban areas with high population density such as Mexico City.

In Solili you can consult industrial buildings available in Reforma, Insurgentes and Norte

Original note