Mexico City continues to be the most attractive market for the establishment of companies nationwide, leading the demand for offices with 70% occupancy, which is equivalent to 143 thousand square meters leased in the first quarter of 2024 alone.

The capital market reports stability, registering an average rental price of $21.10 dollars per square meter for the office segment, showing no variations since the first quarter of last year.

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This first quarter, the Periférico Sur submarket stood out since it was positioned in first place with 32 thousand square meters leased and registered a price that has been decreasing throughout March 2023 to March 2024 and that as of April is below average with $19.92 dollars per square meter.

The Insurgentes submarket registered 28 thousand square meters, of which it is worth highlighting that 72% of the leased square meters were class A offices, which is equivalent to 21 thousand occupied square meters and recorded an average price of $20.78 dollars per square meter, which has showed variable and from February to March it had a slight increase.

Polanco, for its part, has been one of the most requested brokers and at the end of this first quarter it registered 22 thousand square meters leased and at the end of this first quarter of the year it registered a price above the average with $23.81, only below Lomas Palmas that registered $27.43 dollars per square meter.

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Santa Fe and Reforma have been submarkets that have shown higher occupancy in recent years and close this first quarter with 15 thousand square meters and 14 thousand square meters leased respectively.

The Reforma submarket reports a price slightly above the average with $21.24 dollars per square meter and Santa Fe $21.10 dollars per square meter, while the North submarket remains with the lowest prices closing this first quarter of 2024 with $17.03 dollars per square meter. .