The office sector in Mexico faces significant challenges, with a demand of 118,000 square meters during the first two months of 2025, representing a 27% decline compared to the same period in 2024. This slowdown in occupancy is driven by growing market uncertainty, fueled by U.S. tariff threats.

Of Interest: Office Demand in Monterrey Doubles During the First Two Months of the Year

Despite the current outlook, national office vacancy reached 55,000 square meters in January and February 2025, reflecting a 20% annual decrease.

Mexico City and Monterrey reported the highest office vacancy volumes during the January-February period, accounting for 81% and 11%, respectively.

Check Here: Solili Office Report February 2025: Leasing Drops 27% in the First Two Months of the Year

The real estate market is facing a complex situation, and performance for the rest of the year will largely depend on political stability and the effective implementation of strategies that promote economic recovery.