The constant growth of Tijuana has positioned it as one of the emerging markets in the north popular among national and international real estate investors, a location that has been known by both the industrial, residential and corporate sectors, in support of the boom that the factors already known as the nearshoring, reshoring that accelerate the diversification of the sector and grow its office portfolio.

Of interest: Querétaro is positioned as third place in demand for offices nationwide in February

The vacancy of the office sector in Tijuana has remained with an average of 1.90%, reaching its lowest point during the last quarter of 2023 with 1.6% with 4 thousand vacant square meters; On the other hand, the construction that is close to completion and will be included in the office inventory is 60 thousand square meters, which keeps the actors in this sector with a positive attitude towards this city.

The Zona Río submarket is the one that has remained the most dynamic, transporting 1.4% vacancy. It should be noted that in this first two months of 2024 it had a decrease of 0.63%, which has been the maximum so far in February 2023. to February 2024; For its part, the Agua Caliente submarket has been decreasing from November to February, reaching its lowest point in February 2024 with 1.22%.

Check here: Office prices in Puebla report an upward adjustment at the end of February 2024

The largest amount of office construction in Tijuana is concentrated in Zona Río with 31 thousand squares, the buildings in process are class A and are contemplated to be mixed-use buildings; The Vía Rápida and Agua Caliente submarkets remain in similar quantities with 15 thousand and 14 thousand square meters respectively.

Projects such as Cosmopolitan City Center with 10 thousand square meters destined for offices, OVVA Tijuana with 12 thousand square meters and The Landamark with 14 thousand square meters concentrate the largest number of square meters in the construction process.