As of the fourth quarter of 2021 (4Q2021), and after almost two years of challenges and complications due to the Covid-19 pandemic, the real estate industry is already showing signs of a frank recovery, as most sectors have reported significant growth and rallies .

This is thanks to the emergence of trends such as the conversion of office and industrial spaces; as well as the growth of markets and companies and the consolidation of consumer habits.

The Industrial Sector closed with stable figures, because, according to Solili, at the end of November the national gross absorption registered figures similar to the previous month, which accumulated 780 thousand square meters (m²) bimonthly.

Of interest: National Industrial Inventory grows 5% annually at the end of 4Q21

During this period, Monterrey managed to position itself in first place in gross demand with 95 thousand m², While Mexico City and Tijuana registered about 78 and 45 thousand m², respectively.

For its part, the corporate sector, one of the most affected by the pandemic, is the unemployment of nearly 2 million m² of offices nationwide.

However, last November there was an increase in the capacity of office spaces in the country; In addition, a growth in demand is projected for the end of the year and the beginning of 2022.

This is due to the fact that, despite the fact that the recovery of the office market has been slow, compared to the industrial and housing sectors, and that a recovery is projected until 2023, various markets and submarkets have presented specific initiatives to accelerate this recovery.

Check here: Report Solili Offices 4Q 2021: Demand for offices in Mexico with clear signs of recovery

At the national level, Solili reported a gross demand with a level similar to the previous month; with a total of 95 thousand m² so far in 4Q2021, and although the vacancy rate is still high, the slope of progress has eased.

The Hotel Industry and Shopping Centers, which had reported considerable falls, have already strengthened towards the end of 2021, having to reinvent themselves and adapt to the new market realities.

On the other hand, experts affirm that e-commerce is a trend that will be present in the coming years, and will have a significant impact on the industry much sooner than expected.

Likewise, mixed uses are expected to take off with great force, especially those that have to do with commerce, medical offices, pharmacies and flexible offices.

In conclusion, we are facing a resilient sector, revealing the ability to adapt that distinguishes national developers.

In Solili you can consult available offices in Polanco, Reforma e Insurgentes

Original note