Of the eight office submarkets that make up the market of the city of Monterrey, the Center stands out with 14.4% of the current inventory, in terms of the footage of what is built, 27% of the total is concentrated in the city.

Traditionally, this area was one of the most dynamic in terms of commerce in the city, however in recent years there have been transformations of land use and the unification of properties to be able to host mixed-use projects, with guaranteed demand that grows continuously thanks to to the related services of offices, hotels, commerce and other infrastructure that complements the area.

The urban profile of the Centro submarket will be defined from the new buildings that enter the scene, buildings ranging from 14,000 to 27,000 square meters of offices, breaking into a parcel structure that housed properties with much lower heights.

Outside of the large developments that are being built in this submarket, such as Torre 411, República and Torre Sohl; the rest are medium format between 2,000 and 8,000 square meters, whose plants measure an average of 800 square meters and allow more disaggregated options to meet the demand for independent professionals.

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The city as a whole shows a great variety of options that go from small professional offices of less than 50 square meters, to a complete building with more than 26 thousand square meters.

In some buildings, certain floors will be available for the lease or sale of small offices, in combination with the modality of trading half or the entire floor and the flexibility of being able to integrate spaces on contiguous levels.

As in some metropolises in the country, the aim is to give a new image to the old downtown area through the reconversion of spaces and thus make it a benchmark in the city again. Government urban development programs have played an important role because they have encouraged private investment in areas like this. Projects such as Torre Rise have been the product of the acceptance that the office market in Monterrey has by companies to establish themselves, in addition to the capacity it has to innovate and due to the maturity of its institutional investors.

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If you want to know more about the key indicators of the Monterrey offices market, check our report here.