Puebla, Pue. Developers must contribute to a balance between what is vacant and what is demanded to give an attractiveness to the office market, in order that investments arrive when they are required, considered the president of the Mexican Association of Real Estate Professionals (AMPI ) local, Maricela Rodríguez Pereyra.

He indicated that increasing the over-demand that Puebla currently has is not convenient for companies that are dedicated to the commercialization of spaces or for the builders themselves, since due to the Covid-19 pandemic there are companies that will continue to work in the modality of home office.

"The supply of offices continues to grow with new constructions when there has not been a high demand for five years, despite the fact that Angelópolis is a small market which has been expanding towards the south and becoming depopulated in the Historic Center", he deepened her.

We recommend: The Oak58 Tower in Puebla will have resort-style amenities

She considered that generating such a condition with foreign developers should be avoided, in order that they invest safely in projects when the market requires and there is a return on investment in the medium term.

However, she said that some builders, especially local ones, continue their commitment to continue investing in the construction of corporate spaces, works that have been in progress for more than two years and due to the pandemic the plans were delayed.

She explained that in the case of the Historic Center, as a result of the health crisis, the attractiveness of the area to rent offices has not recovered, but on the contrary, occupancy continues at 60 percent.

It may interest you: Office vacancy is higher due to the demand for spaces

She commented that real estate companies thought that, by lowering rental costs due to the pandemic, there would be interest from some corporations to take advantage of the situation to relocate to the center, but they have not seen it.

“We think that law firms, medical offices or consulting companies, which have between five and six employees, would take advantage of those offices to offer their services in the city center; however, they did not take the option and are doing home office ”, she deepened.

Puebla ended the month of June with an average price per square meter of $ 14.56, if you want to know more information about the other key indicators of the office real estate market, do not forget to consult our Markets section.

Read the complete article