Despite everything, the macroeconomic scenario in which investment remains alert in Mexico, sees improvement in Argentina and expects signs of change from Brazil, the 11 corridors that make up the region show signs of recovery although not at the same pace.
A report from the real estate services firm Newmark reveals that high vacancy rates prevail in Latin America (LATAM) with record levels of up to 31.5% in Rio de Janeiro and 26.2% in Panama, a scenario prior to the expected economic recovery that integrates new spaces into the market. and promote absorption.
In this general scenario, the evolution of leadership that Mexico City (CDMX) maintains stands out with an inventory of 8.08 million m2, 23.1% availability, rents of $23 dollars still below pre-pandemic levels and new projects that will be integrated in 2025, given the rethinking of tenant occupancy strategies.
In the case of Guadalajara, which has maintained dynamism in the last 4 years, it currently has a vacancy rate of 11.7% for a portfolio of 810 thousand m2 and rising inventory.
A different scenario is that of Monterrey, which despite the expected effect of industrial development, its inventory of 1.48 million m2 registers a level of 19% availability with accentuated unemployment in the Valle Oriente, Santa María and Margain-Gómez corridors. and lower rents of $19.21 dollars per m2, equivalent to 10% less than the best level reached in the last cycle.
The numbers of the 3 main markets in Mexico are far from the average availability in the LATAM region, which reached 20.4% in the first half of the year, rents of $19.17 dollars, an inventory of 29.88 million m2, to which 1.44 million are expected to be added. under construction.
However, a complementary indicator that validates the recovery scenario in markets such as Santiago de Chile and Rio de Janeiro is the increase in rents, which in the reference period reached 30% and 13%, respectively.
