Oversupply in the office market, trend in 2020
At the end of 2020, the oversupply of corporate spaces, falling prices, a decrease in construction volumes and unemployment set the trend in the annual rhythm, thus the demand that does not rebound is the outlook facing the office market in the country, according to Solili.
The main office market in the country, Mexico City, indicated signs of oversupply, an indicator that was affected throughout the health emergency and that by the end of the fourth quarter of 2020 closed with a vacancy in 40 square meters percent higher than that reported in the same period of 2019, which is around numbers close to rates of 20 percent.
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