As part of the actions to detonate the process of reactivating the economy in Mexico City, the local government is preparing a program that includes the conversion of offices into homes.

During the 84th Banking Convention, the Head of Government Claudia Sheinbaum indicated that for this process to be achieved, the participation of private initiative is essential.

According to the Solili real estate platform, in the capital of the Republic there is an inventory of 11 million 292 thousand 883 square meters of which 2 million 249 thousand 988 square meters are vacant.

The severe vacancy in the corporate spaces of the metropolitan area of the capital is due to the regulations that the health emergency caused by COVID-19 has brought with it and that has forced companies to work remotely.

According to the capital authorities, in this scenario it is important that corporate property owners begin to diversify their businesses and thereby give way to the transformation of these places in the face of current adverse conditions.

According to specialists, investors have seen this model viable in Mexico City and Guadalajara, especially in the A office market.

It might interest you: Insurgentes, Polanco and Reforma concentrate office vacancies in Mexico City