The pandemic has hit the real estate industry significantly, during the month of April and May 2020, construction works were halted, which seriously impacted the sector. For its part, in the office segment there has been a historical contraction in demand, where only the Tijuana market is the only one with healthy vacancy rates.

According to the report by the real estate platform Solili, at the end of the second quarter the main cities of the country reflected little growth in their inventory. Querétaro increased 2.6% and Tijuana 1% with a building on Zona Rio, while Puebla incorporated a 2,000 m2 Class A building into the city. Guadalajara and Monterrey halted the delivery of corporate buildings without reporting any construction term in the quarter, while in Mexico City before the pandemic it was planned to deliver almost 100,000 m2 during the period April-June 2020 and it was only added to inventory 9% of the projected.

Complete article (Spanish)