Office building in Monterrey increases at the end of Q4 2019
According to the Solili platform, the Monterrey corporate market closed 4Q 2019 with 1.1 million m2 of inventory and under construction there are just over 300,000 m2 additional. Also, the vacancy rate reaches 16%.
In addition, Pablo López, a Solili specialist, says that the market is not yet saturated; but growth in the city's new inventory is expected to be 30% over the next three years.
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