The vacancy of offices in the Mexican capital reached 21%, according to Solili in its quarterly report 2Q 2021 and under this scenario, several options have been approached by developers to exit part of these spaces. One of these strategies is reconversion.

Private industry and the government of Mexico City work together towards this end. In August of this year, the Ministry of Urban Development and Housing (Seduvi) implemented a rule to facilitate the change of land uses for developers interested in carrying out the modification.

The plan consists of three parts. The first, the creation of an exclusive project site from which conversion procedures can be carried out.

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The second, the granting of tax benefits to promote the transition, and finally the possibility of obtaining literal Z (rule 26), that is, that the number of homes allowed on a property can be increased, in exchange for including properties of social interest.

The proposal leaves the services they will consume as a pending issue. In water, for example, it is estimated that offices consume 80 to 100 liters of water per worker per day, according to an article in the magazine Perspectiva Geográfica.

While in a residential property, a capital family made up of four people consumes up to 1,920 liters of water a day, says Sacmex.

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Faced with the unknown, the Association of Real Estate Developers (ADI) explains that the situation has been addressed. They indicate that they are working to ensure that the current water, drainage and electricity services, required for the reconversion, have sufficient capacity in the area.

Evaluating the situation, they observed that a large part of the cases correspond to buildings with old technology, and that by bringing new technologies in terms of use of services, they have a positive impact on supply, as explained by the President of ADI, Enrique Telléz.

The buildings subject to renovation and transformation correspond to type C offices, which have between 25 and 40 years of life and are usually small or have previously been homes.

In Solili you can consult the Class B and C office buildings in Mexico City

Original note