The northern area of Mérida, in Yucatán, has established itself in recent years as an ideal demarcation for corporate development and offers options to trigger urban development and expand the city's connectivity.

Although the average rental price for this market was $ 19.68 per square meter per month ($ 19.68 USD / m² / month) - which places it with one of the highest nationally, only below Mexico City- flexible payment schemes provided by marketers have proven attractive to investors.

According to an analysis by Solili, Mérida stood out for its offer of spaces that contemplate the design of buildings for multiple uses such as Aqua Avenue or Sky Work, which represent 50 percent of the built area, and which house hotels, corporate offices and even doctor's offices.

These developments are located in the most important corridors of the city such as Montejo, Bulevar García Lavín and Altabrisa that concentrate 84 percent of the inventory of existing class A and B office buildings.

Most of the buildings are located in the García Lavín Boulevard corridor, which ends at Periférico, which offers a competitive attraction for urban development and the improvement of Mérida's connectivity.

Larger developments include The Sky, Orion Business Hub and Centralia.

Tower One of the Vía Montejo complex completed its construction this quarter, adding 10.9 thousand square meters to the inventory of existing buildings in the Montejo corridor.

It is expected that for the first half of next year, approximately 16 thousand square meters will be completed and works will be detonated around 20 thousand square meters.

On the other hand, Solili estimates that the North Cape corridor will have a greater number of projects in the coming years, as the presence of some with 70 percent sold and work to start may be a factor for developers to decide to invest in that area.