Research

Commercial real estate fundamentals haven’t felt the brunt of the pandemic, yet. But it’s coming… soon.

Setting the stage to reimagine real estate in a post-pandemic era

Total leasing activity showed a 21% drop, when compared to the same period of previous year. Net absorption reached 133,435 square meters, 6% below YOY. More than 70% of this net demand was concentrated in the Insurgentes (36%), Reforma (28%) and Polanco (13%) corridors.

We may be experiencing a “K-shaped” recovery, with great implications for commercial real estate

An essential guide for companies operating in foreign markets and a unique benchmark of real estate market transparency, the index ranks 99 countries and territories and 163 cities globally.

Increased working from home doesn’t equate to less demand. Our research identifies four key factors that will play a major role in shaping future office spaces.

In general terms, the Guadalajara market is healthy with low unemployment and variety in the offer of spaces. However, the news of recent weeks such as COVID 19, displacement of the exchange rate and political and economic uncertainty may affect the decision-making of tenants to take new spaces or grow the existing ones.

The majority of the class A finished buildings surface in Merida concentrates on the Garcia Lavin sub market with 37% of the market having 5 finished buildings. The new offer on under construction buildings may generate a gradual decline on the prices in the next two years, however the new rents will vary on price, quality in its products and the type of tenant.