Although the corporate real estate market of Querétaro has been hit by the COVID-19 pandemic, the signing of the T-MEC opens a window of opportunity for the state and its ability to attract new investments for the installation of corporations.

That is why the real estate firm Wolstrat announced the construction of Xentric Distric, a 20-story building, which will be located in the cloverleaf of the Fray Junípero Serra and Pase de la República Road Ring, in Juriquilla.

This property, which will be mixed-use, will house double A offices as well as a four-star hotel and a 7,000-square-meter shopping center.

Xentric Distric will have an investment of 449 million pesos and it is expected that 1,500 jobs will be created throughout its construction, which is expected to be completed in January 2024.

According to Wolstrat, the area in which Xentric District will be built increased by 40% its average value per square meter due to the expectation of its high capital gain.

The Querétaro-San Luis Potosí real estate corridor is the one that will house this mixed-use property.

According to the Solili real estate platform, the inventory of this broker is one million 883 thousand 957 square meters and has 19 thousand 741 square meters vacancies.

The rental price in the Querétaro-San Luis Potosí corridor is $ 3.88 per square meter per month.

Until March of this year, Solili has registered the construction of real estate projects equivalent to 40,137 square meters.

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