Guadalajara y Tijuana started the first month of the year with gross corporate demands of 2.2 and 2.8 thousand square meters, which, although they are conservative figures, show activity higher than that registered in January 2021.

In general terms, the perception of developers and marketers is that this 2023 will generate not only more movement but clearer opportunities to close office spaces for both Guadalajara and Tijuana. The phenomenon of return to spaces has been cautious but sustained and they are beginning to see more calls and visits in search of new spaces, where the balance leans towards those spaces that have been conditioned and that allow the start-up time of functions to be minimized.

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In terms of corporate inventories, Guadalajara ranks third nationwide, surpassed by de Mexico City and  Monterrey, while Tijuana ranks sixth, preceded by  Puebla and Querétaro.

Although no new office projects have been started in these markets in the last three years, there was a significant number of buildings that started prior to the pandemic, some of which have been delivered to feed inventory.

Registered vacancies at the end of January 2023 in Guadalajara and Tijuana were 14.9% and 6.5%, respectively. If we compare these percentages with those registered in January 2020, at the beginning of the pandemic, the reduction corresponds to 2.2 percentage points in the case of Guadalajara and 3 percentage points in the Tijuana office market.

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This fact happens to be interesting because we would be below the limits of the oversupply. This is how the developer from Guadalajara interprets it, which began in January 2023 a mixed-use project located on the Providencia submarket that combines 8,000 square meters of offices with apartments and commercial premises. This office format offers complete floors for 1.5 thousand square meters.

This mixed-use format has been recurrent in markets such as Tijuana, Guadalajara and Monterrey since its main advantage is associated with mobility, which results in less use of the car and increases walking in the different areas where they are located.

The combination of uses also affects greater security and the offer of a lifestyle that allows the coexistence of the recreational, work and residential areas just steps away.