Since December 2022, the vacancy rate in the Mérida office market has shown a downward trend, standing at 7.6% at the end of November 2024.

The García Lavín Blvd. Submarket, with an inventory of almost 50 thousand square meters of office buildings of various sizes with both class A and class B options, has the lowest vacancy rate in the market at 3.3%. Some of its buildings that still have availability, although in minimal proportions, are Plaza Solare, Vector 50 and Orión Business Hub.

Of interest: López Mateos Submarket in León reports a 30% annual increase in office rental prices

As a means of providing a greater supply of offices, this Submarket has buildings under construction such as Torre Triada and Halvo, which are expected to begin operating during 2025. At the same time, we are waiting for projects that are in the planning stage waiting to be detonated, such as Sodzil, a shopping mall and office building project.

Altabrisa, for its part, had a vacancy rate of 3.7% and to date has no buildings under construction and there is no data on planned projects. Montejo, the largest Submarket in Merida, has a vacancy rate of 9.6%.

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Merida continues to be the most important business center in the Southeast of Mexico and currently has a total of 41 thousand square meters of buildings with offices under construction, which will provide a greater supply for 2025, hoping that a balance is found with the expected demand with the generation of jobs due to the measures announced by the Federal Government with investments that contemplate the state of Yucatan.