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What advantages does Mérida have for real estate developers?
Real Estate Market & Lifestyle | August 11, 2021 |

The city of Mérida has become a place that attracts both nationals and foreigners. This metropolis annually receives large investments in the industrial sector; such as the Amazon and Walmart distribution centers, the Modelo Brewery in Yucatán and the pork industry, among others.

The Metropolitan Area of Mérida went from 957 thousand to more than 1.23 million inhabitants, registering a growth of 28.6%, which was achieved practically in the last five years.

Mérida has also become the center of financial and administrative activities, that is, the city is the operational center par excellence of the Mexican Southeast, which has led to its population and activities becoming more cosmopolitan every day, attracting interest in sports, cultural, scientific and educational.

Its Historic Center was articulated with an extraordinary avenue, Paseo Montejo, an elegant road almost 2 km long accompanied by large examples of residential architecture, many of them still present.

There are other elegant avenues such as Paseo Colón, which together exalt the first quality of the city, by integrating a perfect urban circuit, which offers pedestrians and visitors a public space that invites them to travel and that, due to its configuration, dispenses the heat.

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Nowadays, the Paseo Montejo extends, becoming an important communication route that, after those 2 km that are today part of the downtown area, expanded to an eight-lane road that reaches the beaches of Puerto Progreso.

These elements, accompanied by a peripheral road, which with great vision was built in the 1960s, constitute the urban base of this extraordinary city.

Deciding to invest in Mérida involves understanding that it is a growing market that requires developers with responsibility and vision, an increasingly mature market that must be served with quality projects that integrate and are integrated into plans and projects that also include relevant issues.

Local authorities are aware of the needs demanded by public space, parks, mobility, and communication and infrastructure, as well as waste water treatment, clean and economic energy, among others.

The challenges of the future revolve around the connectivity and integration of urban centers with greater densification, through sustainable communities.

Another point to be developed is the investment to generate clean energy, which is growing rapidly with the construction of photovoltaic and wind farms, helping the region to reach its own power generation capacity in the shortest possible time.

Finally, water and soil are differentiating elements that empower the region. The great availability of water with a sufficient hydraulic basin, which has even increased its volume dramatically.

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The soil has an extraordinarily hard surface layer that allows the construction of simple foundations that house buildings from six to eight levels. This last element affects the competitive cost of building either office or residential buildings.

Mérida is at its best, perhaps similar to what Querétaro and Puebla were ten or 15 years ago, the economic elements come together and generate a synergy of growth that will reward good projects, with good capital gains for their developers and their inhabitants.

Take advantage of the fact that Mérida is about to position itself not only as one of the best cities in Mexico, but also internationally.

As of July 2021 and according to the Solili platform, 8 corporate buildings are built in the city with 46.6 thousand square meters of profitable net area, with a wide range of sizes from 30 to 12 thousand square meters.

Emblematic projects such as Sky City, City 32, Centralia Mérida and Sodzil Mérida, constitute a sample of the commitment of real estate developers in the city.

In Solili you can consult the Real Estate Report of Offices of Mérida as of July 2021

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