The Commercial Real Estate market in Mexico has been experiencing significant growth and development in recent years.
Customer preferences: One of the main customer preferences in the Commercial Real Estate market in Mexico is the demand for modern and high-quality office spaces. With the rise of technology and globalization, businesses are looking for office spaces that can accommodate their needs for connectivity and collaboration. Additionally, there is a growing demand for mixed-use developments that combine office spaces with retail and residential components. This allows businesses to have access to amenities and services within close proximity, making it more convenient for employees and clients.
Trends in the market: One of the key trends in the Commercial Real Estate market in Mexico is the increasing presence of multinational companies. Mexico has been attracting foreign investment due to its strategic location, favorable business environment, and skilled workforce. As a result, there is a growing demand for office spaces from these multinational companies, which has led to the development of new commercial real estate projects. Another trend in the market is the focus on sustainability and energy efficiency. With growing concerns about climate change and the need to reduce carbon emissions, developers in Mexico are incorporating sustainable practices into their commercial real estate projects. This includes the use of renewable energy sources, energy-efficient building materials, and green building certifications. This trend is driven by both customer demand for environmentally-friendly spaces and government regulations promoting sustainability.
Local special circumstances: Mexico's proximity to the United States and its participation in international trade agreements, such as the North American Free Trade Agreement (NAFTA), have contributed to the growth of the Commercial Real Estate market. The country's strong trade relationships and its position as a manufacturing hub have attracted foreign companies looking to establish a presence in Mexico. This has created a demand for industrial and logistics spaces, particularly in border cities and major manufacturing hubs.
Underlying macroeconomic factors: The growth of the Commercial Real Estate market in Mexico can also be attributed to the country's stable macroeconomic environment. Mexico has a strong and growing economy, supported by factors such as low inflation, low interest rates, and a stable currency. These factors have created a favorable investment climate, attracting both domestic and foreign investors to the Commercial Real Estate market. In conclusion, the Commercial Real Estate market in Mexico is experiencing significant growth and development due to customer preferences for modern and high-quality office spaces, the presence of multinational companies, the focus on sustainability and energy efficiency, Mexico's trade relationships and participation in international trade agreements, and the country's stable macroeconomic environment.
Data coverage:
Figures are based on value of commercial real estate.Modeling approach / Market size:
Market sizes are determined by a bottom-up approach. As a basis for evaluating this market, we use national statistical offices. Next, we use relevant key market indicators and data from country-specific associations such as share of industry, manufacturing, and services of the GPD, price level index, GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the market, for example, exponential trend smoothing.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
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