How Is Remote Work Changing Corporate Real Estate?

This week, the adoption of hybrid working schemes is reshaping the way offices are used, driving office owners to adopt new models such as subleasing and efficient space use. Furthermore, the Ministry of Agrarian, Territorial and Urban Development (SEDATU) delivered socially focused infrastructure projects in Chiapas.

Ready for more? Here is your week in Infrastructure

Remote Work Reshapes Office Demand: Newmark

Almost all industries have recovered from the COVID-19 pandemic’s effects and economic activities are getting back to normal. Nonetheless, the corporate real estate sector, heavily impacted by social distancing measures, is still experiencing changes. Experts recommend adapting to new hybrid working schemes, which reshape the demand for offices. 

SEDATU Completes Five Social Infrastructure Projects in Chiapas
SEDATU announced the completion of five social infrastructure works in Tuxtla Gutierrez, Chiapas. These projects aim to provide better public spaces for the state’s population. 

Second Junction in Las Varas-Puerto Vallarta Highway Opens
The Ministry of Infrastructure, Communications and Transport (SICT) announced that the second junction of the Las Varas-Puerto Vallarta highway began operations, as the Ministry aims to complete the rest of the highway by July 2024 to boost tourism in the region. 

Road Infrastructure Needed to Exploit Tesla Gigafactory Potential
The announcement that the Tesla Gigafactory is to be constructed in Santa Catarina, Nuevo Leon drew the attention of the automotive and other industries, all of which believe they can harness this investment to their own benefit. However, some experts believe the current infrastructure may not be sufficient to keep up with the expansion Tesla will bring to the country’s industry. 

Mexico City Completes Metro Line 1 Refurbishment Works
Mexico City Mayor Claudia Sheinbaum reported the completion of the refurbishing project for the first section of Metro Line 1. Authorities consider this event to be key for the future of the renovation of the Metro’s oldest line. 

BANOBRAS to Participate in Nearshoring-Related Projects
The eventual construction of the Tesla Gigafactory in Santa Catarina, Nuevo Leon highlighted the importance of building appropriate infrastructure to keep up with the expansion forecasted owing to the nearshoring phenomenon. On the back of this development, Mexico’s National Bank for Public Works and Services (BANOBRAS) said it will participate in projects to ensure companies can capitalize on nearshoring’s potential. 

Mexico, Belize to Enhance Border Operations

Mexico and Belize seek to improve all border operations to guarantee more efficient legal procedures for international operations and travelers, as both countries extend their original Memorandum of Understanding to 2025. 

Nuevo Leon Rejects Bids for Monterrey Interurban Train
The government of Nuevo Leon announced it rejected all the bids from a tender for consultancy services ahead of the Monterrey Interurban Train’s construction. The train is a promising infrastructure project that aims to connect important municipalities in Monterrey’s Metropolitan area.