Monterrey has been advancing favorably in the gross demand indicator during the first nine months of 2022, accumulating 75 thousand square meters, a figure 30% higher than that registered during the same period in 2021.

As for net demand, the accumulated figure for this same period exceeds 55,000 square meters, when in 2021 the result was negative, as a result of the vacancies in this market.

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At the national level, Monterrey is the second largest corporate market with 11% of the total inventory, although it is far surpassed by Mexico City, which has 65%.

At the end of Q3 2022, marketers perceive a more optimistic outlook compared to last quarter and even to what was perceived in 2021. They consider that the need to acquire spaces to work or maintain communication with work teams has increased, which is This is reflected in the 14% increase in gross absorption for the quarter, although preferences are still maintained for the hybrid labor scheme,

The Ricardo Margain-Gómez Morin submarket stood out with 25% of the total this quarter, almost on a par with Valle Oriente, unlike the figure in 2Q 2022, which only reached 5% of the total.

Tenants opted for ready-made spaces over those of gray work to rent and the average size of space increased by 25% compared to 2Q 2022, up to 500 square meters. This has prompted some marketers to take into account the possibility of already offering conditioning in their spaces.

The companies that offer equipped office services are the ones that are growing due to the flexibility in the use of the facilities and contracting.

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On the other hand, although the start of new projects has been cautious, constructions in process have maintained their rate of progress, with the Puntacero y MR 1055 projects being delivered during the quarter that culminated, buildings whose net profitable areas are 7.2 and 1.1 thousand meters squares, respectively.

This important market on the northern border will continue to receive the impact of the industrial activity that undoubtedly attracts investors and developers due to the varied complementary offer of commerce, office and housing that is offered there.

Examples such as the start of the second tower of the Balzac complex and the upcoming start of works for the Rise Tower, are keys to the confidence to continue investing in strengthening the corporate inventory of the Monterrey metropolitan area.