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Unemployment exceeds the demand for offices in CDMX during 2Q 2020
Real Estate Market | July 01, 2020 |

According to the 2Q20 quarterly report prepared by the Solili platform, “the capital reported a 62% annual and 65% quarterly contraction in gross demand for corporate spaces, while net absorption this quarter registered negative values as a result of higher amount of vacant area compared to occupied. For the first time, in at least the last four years, net demand has resulted in negative figures, a behavior that shows the crisis that the office real estate segment is experiencing as a result of the pandemic. ”

The specialists of Solili indicated that the strong contraction in the demand that the CDMX registered in the quarter just ended, is explained by the measures applied by the authorities to contain the spread of the virus, among which the application of the home office stands out.

Complete article (Spanish)
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