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Mexico City's corporate market has remained resilient to the changes experienced in the real estate sector such as hybrid work, emerging markets and the increase in equipped offices, among others.
As of April 2024, the demand for corporate spaces continues to grow with 61 thousand square meters leased; At the end of the month, the most requested corridors were Polanco in first place with 21 thousand square meters, North with 10 thousand square meters followed by Insurgentes with 8 thousand square meters.
Of interest: Solili Offices Report April 2024: Demand for offices grows 87% compared to April 2023
The most in-demand buildings during the month of April were Class A, which represents 80% of the class B buildings. This is a post-pandemic trend that has been observed, since users prefer office spaces, whether recent construction or remodeling that includes high-quality finishes and materials, advanced security systems, as well as greater amenities that can be accessed in the building, although they may be open areas or included amenities.
On the other hand, the vacancy of corporate spaces registered in Q1 2024 was 19.70%, being the second highest in the country, only below the Puebla market with 25.7%.
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The corridors with the highest vacancies are Interlomas with 31.8%, followed by the North corridor with 31.6% and Santa Fe with 27.5%.
For its part, the corridors that show the least amount of vacant spaces are Periférico Sur with 12.2%, followed by Insurgentes with 15.6% and Lomas Palmas with 16.2%.
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