Due to the effects of the health crisis that has affected us since the first quarter of 2021, the most evaluated real estate product for uses very different from the one originally conceived is that of corporate spaces.

The foregoing is, among other factors, a consequence of the oversupply in markets such as Mexico City, where developers and owners seek various options that allow them to make their investments profitable.

According to a report from the Solili platform, in the capital (of the country) the oversupply reached 14.4% at the end of 2019 and went on to register 19.4% at the end of 2020, currently finding at the end of August 2021 a 22.1% of vacant spaces.

Check here: Reconversion or reengineering of office use?

“However, between July and August (2021) the slope of this growth has softened, in part because inventories are no longer being fed at the same rate with spaces that enter unoccupied, and on the other hand, due to changes in uses that are already reflected in previously empty spaces ”.

Solili analysts indicate that the transformations have been diverse from health, educational, housing, hotels and even some storage warehouses.

They added that "some cases will be more profitable than others and everything revolves around the location, characteristic of the property and its state of construction, whether it is an old existing and disused building, a modern building in process or a property that has become obsolete. or useless as a result of some of the earthquakes that occurred in Mexico City ”.

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During the months of July and August of the current year, the national corporate demand reached 88.6 thousand square meters, a period in which Mexico City and Monterrey together represent 77.5% of the national total, where the capital doubles the demand of the city regal.

Finally, "so far in the third quarter of the year, both the start of construction and the settlements of projects that go on to increase inventories have been zero in the main corporate cities that Solili monitors."

In Solili you can check availability of offices in Guadalajara and Querétaro

Original note