Despite the fact that in 2022 the office real estate sector of the main economic cities in the country did not fully reach pre-pandemic levels, it is projected that this year a recovery will be generated driven by industrial activities, like nearshoringand also to the migration of companies related to the development of applications and software.
In a virtual press conference, the director of datozSergio Mireles, explained that for this year it is projected that offices in the industrial cities of the Bajío region, such as Querétaro, and on the northern border, with Monterrey, will benefit from the manufacturing boom, since they will not only it seeks not only factories and logistics centers to start operations, but also corporate ones.
Manufacturing companies require larger operations or larger office spaces, they do not always seek to locate in the same plant and sometimes opt for corporate options that complement the plant’s operations”, he stressed.
On the other hand, he explained that despite the fact that Guadalajara, Jalisco, was the city that closed 2022 with the highest vacancy rate within the office real estate market, it is projected that for this 2023 its sector will be one of the most benefited by its vocation focused on software development.
The possibility stems from the fact that what is registered in the United States, where large companies such as Microsoft they are laying off part of their workforce.
“There have been significant cuts in technology companies, recently this week they announced cuts in companies like Microsoft, Twitter, Airbnb. These cuts are due to the fact that the perspective of economic development in that country (United States) is getting worse to a certain point, they are preparing for a drop in sales, that could be taken advantage of by the Mexican market, ”he said.
Mireles stressed that human talent is concentrated in Guadalajara, since they are trained in the development of digital technology, in addition, the development of this industry would be at a lower price than in the American Union.
“It is very similar to the manufacturing issue. In the United States it continues to be much more expensive and manufacturing in Mexico is cheaper and has high levels of quality”, he considered.
Inflation
For this year, one of the risks that may be latent is the inflation factor, which may rise higher than projected and impact interest rates.
“It must be taken into consideration that the inflationary environment can also impact contract negotiations, on the one hand you have an owner who wants to protect himself or reduce his risk through contractual percentage increases, which are high enough to that it is not impacted ”, detailed Datoz.
According to Pablo Quezada, Datoz’s director of New Products, in the face of a higher price rise, tenants become more cautious, as they seek to avoid affecting their financial planning.
