They are looking for office tenants with modern spaces and more amenities
Solili | January 23, 2023 |

The main Mexican corporate markets end the year 2022 with important advances in terms of demand and vacancy.

Ciudad de México, Monterrey, Guadalajara, Querétaro y Puebla account for 96% of the total corporate inventory in Mexico and achieve a similar percentage of corporate gross demand for the last quarter of 2022. The cumulative figure for gross demand in 2022 for these five markets exceeds 820,000 square meters, and represents 85% of what was reported during 2019, the equivalent period prior to the pandemic.

Check here: CDMX recovers 81% of corporate demand in 2022 compared to the pre-pandemic period

Also, the net absorption of these five main markets, which includes vacancy in its calculation, manages to recover by the end of 2022 70% of what was reported in the accumulated of 2019.

Even in the midst of the subsequent new waves of contagion, the results of the massive vaccination at the national level combined with the awareness of companies and workers with the use of protection implements generated confidence for a progressive return to the offices.

Without a doubt, the perception of the use of space as a result of the pandemic is made under a rational scenario where the possibility of assisting under a hybrid system is planned and negotiated with the workforce, in the case of those workers whose task allows it. This has generated that various companies are inclined to demand smaller surfaces.

On the other hand, the dispositions of corporate areas, since most of them do not have exclusive uses, allocate more surfaces to multipurpose rooms that require communication facilities and more flexible furniture. 

This combination of elements implies a greater investment in facilities and equipment, so that companies that are actively looking for space or decide to move would be willing to pay more in terms of unit rent for the most modern and appropriate spaces for corporate activity.

The fact that there is still a significant number of projects underway provides the ability to work according to demand, so these projects can take advantage of potential tenants who are inclined towards those offices that, being adequate, minimize their time. start of its operations.

Of interest: Gross corporate demand nationwide increased by 73% compared to 2021

Mexico City is the most active market and will culminate in 2022 with a gross demand of 593 thousand square meters per year, which reaches 81% of what it demanded in the year prior to the pandemic.

In the capital of the country, the average rental price was $21.0 dollars per square meter per month, having remained stable throughout 2022, while vacancy stopped its growth and from April 2021 slowed down the increases.

In the cases of Monterrey and Guadalajara, we also observed significant downward adjustments in vacancy of 5 and 3.6 percentage points in the last year to close 2022 with 16% and 19%, respectively. The accumulated gross demand of Monterrey in 2022 has already exceeded 1.5 times that registered in 2019, prior to the pandemic, while Guadalajara has already risen 78% in this indicator.

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