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The supply of the Monterrey office market to date has shown positive figures since its highest point in June 2021 where it reached 22.42 percentage points.
Currently the total vacant spaces in the entire market is 14.26% and the Valle submarket is the one with the lowest figure with only 5.96%. It is the second with the lowest inventory and has the peculiarity that 87% of its buildings are Class B.
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Sur and Valle Oriente obtained 8.77% and 9.86% respectively, the latter being one of the submarkets with the highest demand and the one with the largest inventory. The Ricardo Margaín submarket has 11.57% of supply, which also has an important inventory that includes large buildings such as the Equus Towers, INVEX Tower and Sofía that range between 25 thousand square meters of net profitable area.
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The Central submarket presented, from March to date, a decrease in its vacancy of more than one percentage point, remaining at 14.27% and is the one that has been the most in demand so far in Q2 2024.
According to the figures, the southern and central areas of Monterrey have turned out to be the ones with the lowest supply of office spaces, so developers continue with projects under construction knowing that demand is high, unlike submarkets that are located in the shores such as Apodaca Aeropuerto and Valle Poniente where their supply is greater than 30% without major movement in construction.
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