We are interested in at least 12 major cities in Mexico as they have a high concentration of services, which tends to attract the younger demographic and Millennials. In much the same pattern we have seen in the US in the last five years, we are seeing a new preference in Mexico for renting rather than owning. There is a much greater drive toward lifestyle and the 24-hour city wherein people want to be closer to work and create more convenience. The population is more mobile and less willing to commit, there are more single person households, with people delaying marriage and parenting. As a result, for the same population, now there is a requirement for 40-60 percent more houses because people are living alone or with roommates rather than in large family units.
View from the Top
Former Country Manager of Greystar Mexico
Greystar offers fully-integrated real estate services. It has over 437,000 multifamily and student units under management globally and more than US$…
The question is, how can Mexico ensure sustainable and inclusive growth?
When it comes to Mexico’s booming cities, the housing sector is transforming traditional neighborhoods and new apartment complexes can be seen across…
Mexico Infrastructure & Sustainability Summit 2017: Mixed-Use: Social, Responsible and Sustainable Infrastructure panel highlights
Managing Director Latin America
According to the 2010 census around 46 million people in Mexico are now aged between 15 and 34 years old, a demographic that is known as millennials.