The young people of the current generations prefer to rent a space than to buy or acquire a house or apartment, which is why co-livings, rentals or used houses are in the sights of this sector, and with this there is a trend to convert offices into apartments livable, said Ilan Eskenazi Saed, chief financial officer of ION.

For the architect, Jimena Peña Uribe, it is necessary to rethink the construction model, because there is no urban planning and if many homeless people live in Spain, the Mexican architect comments that the trend in Europe is that "there are companies that are dedicated to dismantle old buildings, reuse the materials that can be used and that is where the economic future of construction goes”, he stated.

Check here: Tijuana and Mérida report office rental prices similar to Mexico City

The director of ION pointed out that in Mexico "we are in its infancy in that concept" but it can be solved, abandoned houses or conversions can occur and affirmed that the government of Mexico City is making efforts to grant special permits "to reconvert a building of office in housing that is what is missing in the city”.

"Developers must seek more capital because the buildings where the offices are located are the best in the city, which means that there is potential for conversion from building to housing."

The architect and the director of ION agree that in the new generations when it comes to acquiring a property or living in it, they take into account that this construction is the most sustainable possible and in harmony with nature and it will be those projects in which the current generations they are investing if they choose to rent or buy a home.

In March 2022, the government of Mexico City published the modification to the Guidelines for the Reconversion of Offices to Housing in Mexico City.

Of interest: Solili Offices Report October 2022, demand exceeds 80% that registered in 2021

In accordance with the new guidelines, it is established that disused or abandoned properties are those built that were in operation until before March 31, 2020 when the "Notice announcing the Declaration of Sanitary Emergency due to cause of force majeure of the Health Council of Mexico City, in accordance with the health emergency declared by the General Health Council, to control, mitigate and prevent the spread of COVID-19 ", and that currently do not fulfill their function .

Therefore, those properties that are offices and/or shops built with occupation with functional obsolescence will be eligible; those built in disuse or in abandonment; as well as low-impact industrial buildings built with occupation and with functional obsolescence; and those with a low-impact industry and in disuse or abandonment.

In Solili you can check available offices in Monterrey and Guadalajara

Original note