The Tijuana office market ends October 2024 with a lease of 1.3 thousand square meters and has a vacancy rate of 6.14% of corporate spaces ready to be occupied.

The average office rental price in Tijuana closed at $21.70 USD/m²/month, which represents an increase of $0.47 USD/m²/month compared to October 2023, when the price was $21.23 USD/m²/month.

Of interest: Solili Office Report October 2024: January-October demand decreases 28% compared to 2023

The three main corporate submarkets in Tijuana maintain prices above $21.00 USD/m²/month. The Zona Río submarket stands out with the highest rental prices, reaching $21.86 USD/m²/month, followed by the Vía Rápida submarket, with $21.45 USD/m²/month.

The most competitive rental prices in the market are found in the Agua Caliente submarket, with an average price of $21.41 USD/m²/month, where currently more than 2 thousand square meters are available for rent.

See here: Office vacancy rate in Monterrey reports a decrease in the last three years

Tijuana has been able to take advantage of its strategic advantages to consolidate most of its corporate buildings in key areas such as Zona Río and the Golden Zone. Its close cross-border exchange relationship with the United States positively drives the demand for office space. In addition, the city is an important hub for medical tourism, which increases the need for offices, especially in areas close to hospitals and health centers.