Recovery of the Commercial and Corporate Real Estate Market Will Be Gradual: Fibra Danhos

In their recent financial report, the CEO of FIBRA Danhos stated that they see a hopeful future, primarily due to the ongoing vaccination efforts. However, they are fully aware that the recovery process will be gradual and require time. They remain committed to taking all necessary measures to mitigate the pandemic's impact and maintain acceptable occupancy levels given the circumstances.

The owner of Reforma 222 and Toreo Parque Central disclosed a decline in overall occupancy rates. In the last three months of 2020, the occupancy rate decreased to 86.5%, representing a reduction of 567.9 basis points compared to the same period in 2019. Vacancies were observed in office spaces such as Torre A de Toreo and Reforma 222 in Mexico City, where lease contracts for approximately 25,000 square meters were not renewed. Additionally, shopping mall foot traffic decreased by 52.8% compared to 2019, and the average duration of visits declined due to the impact of the COVID-19 pandemic.