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SiiLA ACADEMY launches office-focused course led by Alejandro Delgado, providing valuable insights on analyzing office assets and exclusive access to SiiLA's Market Overview report.
Due to the pandemic, availability in Mexico's office market increased, but prices remained stable. Photo: BigStock.
By: SiiLA News
05/29/2023
On May 2nd, SiiLA ACADEMY launched its highly anticipated office-focused course, providing professionals with valuable insights for analyzing office assets. Led by Alejandro Delgado, SiiLA's Country Manager for Mexico, the course’s first class explored a wide range of classifications, definitions and financial concepts vital to the industry.
Delgado's comprehensive overview underscored the distinct nature of offices as an asset class, emphasizing their role in serving both private and public sectors. He highlighted the growing popularity of flexible, mixed-use, and Plug & Play offices, surpassing traditional models in Mexico. Additionally, Delgado drew attention to the widespread availability of Plug & Play and build-to-suit spaces throughout the country, surpassing the number of available Core & Shell options. This further exemplifies the shifting preferences in the sector.
During the session, Delgado provided an in-depth exploration of foundational concepts related to office assets. Moreover, he contextualized these concepts within the current office market. Additionally, attendees were provided with exclusive access to SiiLA's highly regarded quarterly Market Overview report, which offers valuable insights into nationwide markets, emerging post-pandemic sector trends, and vacancy rates throughout the country. Delgado specifically highlighted the distinguishing characteristic of larger floor areas commonly found in higher-quality properties, such as class A+ buildings. These premium properties not only provide superior workspace conditions but also offer enhanced operational efficiency, further augmenting their market appeal.
Notably, despite an increased availability of office spaces nationwide, Delgado highlighted a fascinating post-pandemic development—remarkably stable prices. This phenomenon can be attributed to factors like dollarization in select markets, extended grace periods, and owner-offered discounts to attract or retain tenants. These insights underscore the complexity of the market and caution against making decisions solely based on headlines.
For professionals seeking a deeper understanding of Mexico's commercial real estate market or interested in exploring SiiLA's comprehensive courses and solutions, contact us at contacto@siila.com.mx. Our dedicated team is committed to providing expertise, valuable assistance, and the knowledge necessary for well-informed decision-making in this dynamic industry.
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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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