Office market continues despite pandemic
Grupo En Concreto | August 04, 2021 |

Between 2018 and 2020, an annual growth of 6.3% was recorded in the A and A + class offices, but the arrival of the contingency marked the measures with which to act to avoid contagion and with it, the implementation of the work to distance.

In 2020, the office market had a growth in vacancy of approximately 300 thousand square meters, increasing the vacancy rate from 16.6% to 21.2%.

Just over a year after the start of the health crisis, the second quarter of 2021 closed with a gross demand slightly lower than the previous quarter.

Check here: Fibras resist and reactivate after their first major crisis

However, it was 10% higher than that registered in the same period of 2020; Regarding the supply of offices nationwide, just over 100,000 square meters; of which 80% were concentrated in Mexico City and Guadalajara, according to data from the Solili platform.

The office availability rate in Mexico City has risen, since in the second quarter of 2021 the market presented an oversupply in all its corridors.

In Guadalajara, demand slowed 28% compared to the previous quarter, and 5,200 square meters of offices were started. Ciudad de Guadalajara and CDMX concentrated 80% of the new offer, according to data from the Solili platform.

Of interest: They bet on the conversion of buildings

Querétaro, the most prominent corporate market in Bajío, achieved an annual inventory increase of 15%, in addition to reducing its vacancy by 23% compared to the first quarter of 2021.

Technology will undoubtedly play a fundamental role in generating flexible spaces in which employees can feel comfortable to carry out their functions.

This pandemic scenario is conducive to modifying the spaces for the benefit of employees and the needs of each company, with the inclusion of the hybrid model.

In Solili you can consult the Solili Offices Report July 2021

Original note

Stay up to date with the most important news to the real estate

Subscribe Solili Newsletter