Pandemic affects demand for office spaces during 2Q 2020
In the second quarter of the year, the drop in demand for corporate spaces was deeper not only in the country's main corridors such as CMDX, Monterrey and Guadalajara, but also in emerging markets.
Not only did demand drop, but more spaces are vacant, as the vacancy rate of real estate increased 30% compared to the second quarter of 2019.
In the case of Monterrey, the second market by quantity of inventory, the sector was also affected by uncertainty, as demand presented a quarterly contraction of 42% per year.
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