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Real Estate and the path of adaptation to demand
Real Estate Market | June 06, 2022 |

When a real estate project starts, the hiring of personnel in a business that moves more than 40 branches of economic activity, in addition to the financial sector between loans and mortgages, is instantaneous.

It is interesting that most of the supplies and labor are purely Mexican, therefore real estate development is a very productive activity for the country's economy, and I believe that the Association of Real Estate Developers (ADI) brings together an important nucleus of companies with vision, committed to the country and that continue to invest, said Alfonso Salem, General Director of Inmuebles Carso.

After these special times that we have had to live through, we must pay attention to how all the chips will be accommodated, for example, consider how the high prices of construction supplies, low sales prices and low market demand are going to balance again.

Check here: Office rental prices in Mérida the second highest nationwide

It is important to assess the demand of the new generations of customers in the future, who are no longer interested in owning a house, a car or a watch, they are already thinking about other things.

The more facilities you grant, such as the fact that they can live in a AAA place without having so much expense and having all the services, the more attractive it will be for them and that is where the importance and interest of mixed uses stands out, Salem said.

The new generations seek comfort, being in the world and socializing, but also being able to use their resources for other things. Today, times are very interesting, we must live and evaluate the present, and be very attentive to anticipate the future.

The trends that are relevant in Mexico, unlike the United States, is that people continue to like going to a shopping center in the midst of significant growth in electronic commerce, that is, they are completed and not excluded.

Shopping malls are a great attraction, but they are going to become more of an experience, entertainment or search for more things. We will have to consolidate what we have and renew them.

Of interest: Government procedures are simplified to reactivate real estate development in CDMX

Regarding the office real estate market, the phenomenon triggered alerts during the most complicated moment of the health crisis, where the Home Office reigned, but not all activities can adapt it with remote meetings, especially in service companies. Social activity continues to be another very important factor, there is a need to leave home, since exclusive permanence threatens the family relationship.

The manager considers that unemployment will continue, since regardless of the Home Office, companies have sought to be more efficient in order to maintain themselves and grow again. However, the inventories available in the best locations, especially the strategic ones, will gradually be absorbed, but their occupancy levels will rise again.

Salem considers that there will be a very positive growth in the part of real estate development and it will be necessary to be attentive to satisfy the needs of new consumers.

In Solili you can check available offices in Polanco, Insurgentes and Norte

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