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SMI - GERAL Q4 2025
+3.25 % 370.88
=
INCOME RETURN
+2.22 % +
APPRECIATION RETURN
+1.03 %
USD / MXN
0.00 % 17.35
GDP (Quarterly, Millions)
-1.24 % 29,325,765.23 PTS
CPI
0.00 % 4.45 PTS
Reference Rate
0.00 % 6.50 PTS
Closing IPC
-1.78 % 67,976.50 PTS
UDIs
0.00 % 8.84 PTS

Hi:Hab Concludes Its First Conversion from Office to Co-living

  • hi:hab completes its first office conversion into affordable residential spaces. 
  • SiiLA reports increasing office availability rates in major cities like Mexico City.
hi:hab transforms offices into affordable housing to tackle real estate challenges. Photo: Rabkina de Pixabay
hi:hab transforms offices into affordable housing to tackle real estate challenges. Photo: Rabkina de Pixabay
07/28/2021
hi:hab has successfully completed its first office-to-residential conversion project in Guadalajara, Mexico. The transformed building now offers affordable housing in a prime location, providing a solution to the challenges of the current real estate market. The company plans to open over 2,500 rooms in Mexico City, Monterrey, and Guadalajara within the next year. 

Fernando Terrazas, the owner of the converted building, expressed satisfaction with the project, highlighting the quick turnaround time and the positive response from young professionals and entrepreneurs. 

Meanwhile, SiiLA's data reveals a rising availability rate in Mexico City's office market, emphasizing the need for innovative approaches such as office space conversions. This trend reflects the evolving dynamics of the office sector, which is seeking creative solutions to address the growing number of vacant spaces. The conversion of office spaces into alternative uses unlocks new potential for these assets, offering opportunities for revitalization and adaptation in the current market conditions.

Latam
Mexico
Jalisco
Office
Market Analytics
Market Trends

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.

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Transactions


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Absorption Falls, Not Demand in Mexico’s Industrial Market

Nearshoring

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