After almost three years of the global health emergency, 2022 has stood out for the levels of a strong recovery in the Mexican real estate market. Although there are sectors that were more affected than others, the current context projects an active 2023.

According to Guadalupe Villar, Director of Private Banking Portfolios at Credit Suisse, one of the factors that completely changed the outlook for 2022 was inflation, which, far from being temporary, was permanent. Next year will be a transition year, at the beginning of 2023 the rates will continue to rise and then they will be maintained, in the case of Mexico, being able to reach 11%, Villar opined.

Of interest: The supply of speculative industrial buildings in the country continues to be insufficient

He explained that during the next year, central banks will be focused on lowering inflation, so rates will show constant increases. However, he explained that despite the global situation, at Credit Suisse they do not envision a scenario in which the United States enters a recession, which is a very good sign for Mexico.

Regarding the industrial market and investments focused on nearshoring, Alejandro Chavelas, Associate Analyst Equity Research, Credit Suisse, explained that after analyzing the Foreign Direct Investment (FDI) figures for 2021, for next year, the focus should be on FDI from new companies.

For his part, Rafael McCadden, Industrial & Logistics Director at Colliers, mentioned that this phenomenon is a great opportunity for the country, however, the biggest problem that exists is the lack of electricity.

Another problem that is observed in the market is the rapid increase in the cost per square meter, not only in new rental contracts, but also in renewals. In addition to the delivery times, which are not in accordance with the times required by the companies.

Check here: More than 90 thousand m² of offices are leased in Mexico City during November

Regarding the office market, the pandemic generated the need to change the way we use office spaces, and remote work is a global trend that is here to stay, says Joaquín Zapiain, Tenant Advisory Council Director at Colliers México.

Although some companies have returned to offices in a hybrid format, CDMX still has a quarter of class A and A+ spaces available. According to Colliers' opinion, the market is still going through a state of recession that has not yet bottomed out, although it shows stability in terms of prices.

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