Over the course of a year, the office supply in Querétaro has increased considerably, adding more than 99,000 square meters of vacant space by the end of Q1 2025.

Of Interest: Office investments in Mérida grow: double during the first quarter of 2025

In March 2025, the vacancy rate stood at 13.7%, with the Centro Sur and Bernardo Quintana submarkets having the highest rates in the market at 20.8% and 13.4%, respectively.

On the other hand, demand for office space during the first quarter of 2025 closed at 5.5 thousand square meters of leased space, representing a 40% decrease compared to the same period in 2024. Office vacancies for the quarter totaled 2.2 thousand square meters, a figure that doubles compared to the first quarter of 2024.

See here: Solili Office Report 1Q 2025: Vacancy rate decreased half a percentage point in the last year

As a result of a decrease in demand and an increase in vacancies, Querétaro's corporate market saw a 2 percentage point increase in its vacancy rate over the one-year period. However, Querétaro maintains its position as a strategic investment hub, thanks to its consolidation as a technology and logistics cluster.