Mexico City remains the country's main corporate market, where 72% of national demand is concentrated. The accumulated demand figure reaches 723 thousand square meters so far in 2023, which represents 40% above what was registered between January and November 2022.

Only during the third quarter of the year, the Insurgentes and Santa Fe submarkets took the lead with 30% and 24%, respectively. Polanco follows with 38 thousand square meters per quarter.

Of interest: Northern region of the country leads industrial demand towards the end of 2023

When analyzing the office areas in demand, about a third is concentrated in the areas of one thousand to two thousand square meters, followed by the sizes of one thousand to 500 well-maintained meters, which group together 23% of the total occupied surfaces between January and September of the year. 2023.

The return to occupied offices is seen throughout the city, although the most dynamic submarket throughout the year is Insurgentes, which manages to concentrate 28% of gross demand during the first three quarters of the year. Polanco and Santa Fe follow with 19% and 17%, respectively.

The Insurgentes submarket is where a fifth of Mexico City's corporate inventory is located and it is where the largest number of rented areas are located so far this year, where more than 200 closures have been concentrated between January and November 2023. .

There we also find the maximum surfaces for rent where Class B offices double Class A offices, in formats over 2 thousand square meters.

If we analyze the demand for the Polanco submarket, about 43% of rental operations correspond to surfaces over a thousand square meters, this being one of the submarkets that attracts the interest of potential tenants in the country's capital.

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In the case of the Santa Fe submarket, the trend for rental surfaces over a thousand square meters is more marked and three quarters of the surfaces that were rented are located in this area format.

In general terms, although it is not sustainable to talk about a recovery in the rent of large stores, the average size of the rental areas has been increasing, mainly due to the release of projects under construction that have been completed and can offer important advantages of corporate spaces that begin to compete with other existing options.