Tijuana continues to be the office market nationwide that registers the lowest vacancy percentage, which closes in August 2023 with 2.3%. As references, the markets that follow are  Mérida and León with 10.8% and 11%, respectively.

Now if we analyze the vacancy by submarket, while Vía Rápida registers the lowest value with half a percentage point, the Agua Caliente submarket reports a vacancy of 3.2%.

Let us remember that just over 95% of the inventory in this market on the northwest border of the country is concentrated on the Zona Rio and Agua Caliente submarkets. And the entire gross demand for offices during Q2 2023 was concentrated on these same two submarkets.

Check here: Solili Offices Report August 2023, construction is reactivated starting 30 thousand m² nationwide

Throughout the post-pandemic period, Tijuana was one of the office markets where

A relatively constant demand was maintained and rental prices showed few changes. Right at the close of the first quarter of the year, net demand breaks a record and exceeds 16 thousand square meters in a market that averages between 3 and 5 thousand square meters per quarter.

It is during the course of the first quarter of the year that we saw the occupation of some areas over 1,600 square meters recorded, up to the largest surface with more than 2,000 square meters, a size that had not been recorded in recent periods.

Some of the Class A projects that stand out and manage to attract the interest of the main investors are Plaza Distrito 65 and Business Hub. The first one located on the Vía Rápida submarket has typical floor plans of 1.8 thousand square meters up to a total of 7 thousand square meters, but currently it does not have available spaces.

The second, Business Hub, is located on the Agua Caliente submarket and has a total net profitable area of 16 thousand square meters, with 21 levels of height and typical floors of 1,670 square meters. Currently, if you consult the Solili platform, the availability is of spaces from 153 to 310 square meters.

Of interest: Demand for offices in CDMX resumes its pre-pandemic pace, rising 16% over the 1st semester of 2019

Currently, about half a dozen office projects have surfaces of over a thousand square meters. If we opt for Class A projects, Cosmopolitan City Center and Central Toreo have 2.6 and 1.5 thousand square meters of offices.

The corporations with the largest available surfaces are located in Zona Rio, although they do not correspond to Class A buildings, they have areas to occupy of 3.3 and 2.7 thousand square meters.