The recent census prepared in 2020 and published a few weeks ago provides us with very relevant information for investment planning, the design of public policies and the development of cities and their infrastructure.

According to this new statistic, the state of Yucatán went from position number 21 to 22 due to the size of its population between 2010 and 2020.

However, the City of Mérida, with 1,316,000 inhabitants, moved from position 12 to 11 among the Metropolitan Areas with the highest population and grew with an annual average of 2.3%, which is almost double the national average rate (1.2 %), and it is only surpassed by purely tourist cities such as Playa del Carmen (5.9%), Los Cabos (3.9%) Cancún (3.3%) and Puerto Vallarta (2.4%), or by highly industrialized cities such as Querétaro (3.2%) and Monterrey (2.4%). In addition, Mérida is one of the few cities that accelerated its growth with respect to the previous decade (1.9% per year), which in large part was the result of high and atypical migration; Well, with 80,000 new residents, Mérida is the eighth city in the country that received the most people from other states during the last five years.

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This growth is undoubtedly the result of the fact that Mérida is a city with a high quality of life, impressive natural and tourist attractions, a good climate and, above all, very safe, not only within Mexico, but has also been called the largest city safety index in Latin America and second in America, only surpassed by Québec, Canada. Therefore, the population of other states, particularly the young woman, turned to see the city as a destination for the development of their family and business.

All this has made Mérida a very attractive destination for migration, and with it also for investment, both public and private, since in recent years we have seen the development of important cultural centers such as the Great Museum of the Mayan World and the project of an imposing new sports stadium; the attractiveness of the colonial architecture has attracted innumerable investments in high-end boutique hotels, a lot of national and foreign investment in the purchase of properties to adapt them to income through platforms such as Airbnb; and the beauty of natural areas such as Celestún or Río Lagartos, of the henequen haciendas and of the jungle that surrounds it, have consolidated all of Yucatan and especially Mérida as an important national and world tourist destination. Of course, all of these factors attract the interest of real estate developers from all regions of the country.

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In the private sphere, huge residential developments with golf courses have been developed, but also attractive mid-level and social developments, industrial parks, corporate buildings, large housing developments and of course shopping centers.

Until the year 2000, in Mérida there were only 6 shopping centers, most of them and the most important, developed by local investors. That meant an endowment or commercial ratio of 19.1 m2 of Gross Profitable Area per 100 inhabitants (GLA / 100 inhabitants).

Do you want to know the offer of office spaces in the city of Mérida? Enter Solili to review the options and do not forget to consult the Market Report to know more about the behavior during May 2021.

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