The Querétaro corporate market has a large number of projects called condominiums, that is, in the initial stage of the project they were sold for investment and now each investor is renting or selling them.

Although it is true that in most cases the investors who later acquired space commercialize it, the mixed practice is another option that usually appears in this market.

Buyers use a portion of the acquired space to develop their administrative operations and the rest are adapted as rental offices, with smaller subdivisions than those offered by the developer or initial owner.

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This type of project has had a strong impact on the market as evidenced by two important buildings such as Momentum Centro Sur, in the Centro Sur submarket and Level Work in the Juriquilla submarket, with high volumes of square meters of offices for sale.

During the second quarter of the year, the total lease of offices was just over 4 thousand square meters, highlighting the commercialization of spaces for rent, concentrating almost 80%, while spaces for sale represented just over 20%.

The characteristics of the transactions registered in the period correspond to spaces smaller than 100 square meters, as seen on the WTC Juriquilla project, with offices available from 19 to 141 square meters, located in the Juriquilla submarket.

This project will have a mix of clinics and offices that project their entry to the market during 2022.

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On the other hand, the rental transactions correspond to average sizes of 345 square meters and the demand is located mainly in the corridors of Juriquilla and Bernardo Quintana.

Despite the fact that during this quarter the volumes of demand for rent were higher than those for sale, in recent years sales have exceeded rents.

It has been this factor that has generated that the office market in the city of Querétaro has grown in the way it has done in recent years.

In the near future, it is expected that a process of market maturation will begin where rental transactions will begin to take on greater relevance, being those that predominate in the occupation of office space in this city.