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At the national level, Mexico City continues in the first position in office occupancy, only during the two-month period April - May 2024 the demand for offices reported 100 thousand square meters, this shows an increase of 8% compared to the same period of the year former.
The areas of the city that have been the most requested for office rentals this two-month period are the Polanco submarket, which leads first place in office rentals with 29% registered, followed by Insurgentes with 16% and Reforma with 15%.
Of interest: Solili Offices Report May 2024: Demand for offices grows 10% compared to April-May 2023
It is expected that by the end of this second quarter of 2024, office occupancy in Mexico City will exceed the same period of the previous year where 126 thousand square meters were rented, and it is even expected to increase compared to the first quarter of this year. which closed with 143 thousand square meters.
On the other hand, it is observed that the submarkets with the highest vacant spaces today are North with 31.5%, followed by Interlomas with 31.3% and Santa Fe with 27.7%.
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Following up on the most requested submarkets, we observe that they are slightly below the average vacancy rate in Mexico City, which is 19.8%, while Polanco and Reforma have 17.4% vacancies each, followed by Insurgentes with 15.6>#/p###
The interest of businessmen in establishing themselves in Mexico continues, which motivates developers and brokers to continue creating investment opportunities in this real estate sector.
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