At the end of 2024, the gross demand for offices in Mérida reached 14.6 thousand square meters, of which the highest figure was recorded at the end of the 4Q 2024, concentrating 9.3 thousand square meters in transactions. 

With this, Mérida presented a growth of 30% in relation to 2023, a year in which demand reached 11.3 thousand square meters, where Orión Business Hub transactions stood out. 

Of interest: Solili Offices Report 4Q 2024: Demand in 2024 decreased 25% compared to 2023

In 2024, 74% of the total investments in the Mérida office market corresponded to the sale of spaces, where the submarket that stood out with the highest annual demand was Cabo Norte, which registered 8.3 thousand square meters, highlighting the sale of offices in The Sky and Nubia buildings.

Regarding significant leases, the Montejo submarket registered 3.6 thousand square meters, with the Mid Center building concentrating the largest movement of rents.

Check here: Demand for offices in Monterrey reports a strong increase at the end of 2024

It is important to highlight that Mérida's growth during the year 2024 has largely been due to the sale of offices in buildings that are still under construction and that have attracted the attention of investors who acquired these properties with a speculative approach, with the intention of leasing or selling in a next stage when the projects are completed.