The effects of the pandemic on the office market in Mexico
There is no doubt that the pandemic has significantly hit the commercial real estate industry and specifically the office segment that, in compliance with the provisions laid down by the federal government, paralyzed construction works during the months of April and May 2020, resuming operations as of June, which resulted in a significant slowdown in the pace of construction. The administrative tasks, in parallel, worked under the remote work scheme, respecting the confinement policy and trying to rescue productivity prior to the coronavirus pandemic.
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