Background on Carolina León Soriano and Adagi
Carolina León Soriano, the president of the Association for the Defense and Support of the Real Estate Sector (Adagi), is a key figure in Puebla’s real estate industry. Her organization represents the interests of local business owners and aims to improve the overall health of Puebla’s commercial real estate market.
University Return Boosts Local Business Hope
With the return of students to universities following the previous week’s start of classes and the incorporation of an additional 112,000 students from the Benemérita Universidad Autónoma de Puebla (BUAP) starting Monday, León Soriano anticipates improved local business occupancy rates reaching 90%.
Rental Prices and Market Conditions
León Soriano mentioned that landlords expect increased activity in university zones, where rental prices have remained stagnant since the COVID-19 pandemic, only adjusting for annual inflation.
Importance of Strategic Locations
“For real estate agents, it’s crucial to have the lowest vacancy rate possible for those spaces, though achieving 100% occupancy is unrealistic since some businesses operate seasonally,” she explained.
Diverse Business Opportunities
León Soriano pointed out that various businesses, including paper shops, cafes, and others catering to students, occupy these local spaces.
Anticipated Increase in Occupancy
León Soriano forecasted that occupancy rates would rise in the coming two weeks as classes progress, noting that this trend extends beyond Angelópolis. For instance, in San Andrés Cholula, 45% of the 10,000 students at the Universidad de las Américas Puebla (UDLAP) are from outside Puebla, including both national and international students.
In Puebla, there are approximately 328,000 university students, primarily enrolled in private institutions. Around 30% of these students come from the south-southeastern states, which benefits small and medium-sized businesses during the academic year.
Current Occupancy and Future Prospects
Currently, local occupancy rates fluctuate between 75% and 80%. With more entrepreneurs aiming to establish student-focused businesses, Adagi expects increased activity during this school year.
Construction Slowdown
However, León Soriano noted a three-year slowdown in new local construction, as the market seems content with its current state.
Key Questions and Answers
- Who is Carolina León Soriano, and what is Adagi? Carolina León Soriano is the president of the Association for the Defense and Support of the Real Estate Sector (Adagi), which represents local business owners in Puebla’s real estate industry.
- What is the current occupancy rate of local businesses in Puebla? The current occupancy rate ranges from 75% to 80%.
- Why are universities important for local businesses? Universities attract a significant number of students, both local and from other regions, which drives demand for nearby businesses such as restaurants, cafes, and paper shops.
- What factors influence rental prices in Puebla? Rental prices have remained relatively stable since the COVID-19 pandemic, adjusting only for annual inflation.
- Is there a slowdown in new local construction? Yes, there has been a three-year slowdown in new local construction, as the market appears satisfied with its current state.
