In October 2024, office leasing in Mexico City remains a significant indicator within the corporate real estate market, representing 65% of the country's total demand. The average rental price in Mexico City stands at $20.88 USD/m²/month. 

Vacancy activity during October 2024 recorded 30,000 square meters, showing a 19% decrease compared to the same period in 2023. 

Of interest: Office Vacancy Rate in Monterrey Reports a Decline Over the Past Three Years 

The office vacancy rate in the Mexico City market closed the month of October at 19%, which in absolute terms amounts to 2.3 million square meters available for leasing. The submarkets with the highest supply of rental spaces are Interlomas and Norte, each with a vacancy rate of 31%, followed by Santa Fe at 28%. 

The average rental price in the Interlomas submarket in October is $18.89 USD/m²/month, with 111 office spaces ready for leasing. Rental prices range from $12.00 USD/m²/month to $23.07 USD/m²/month. 

The Norte submarket has an average rental price of $15.43 USD/m²/month and offers 242 office spaces for rent. The most competitive rental price is $6.30 USD/m²/month, while the highest is $25.67 USD/m²/month. 

Santa Fe reports an average rental price of $20.89 USD/m²/month and closed October with 533 office spaces for rent. The price range in this submarket spans from $12.00 USD/m²/month up to $46.95 USD/m²/month. 

Check here: Agua Caliente submarket Offers the Most Competitive Office Prices in Tijuana

These submarkets stand out due to their strategic locations and infrastructure that includes maintenance, 24/7 security, and premium amenities such as meeting rooms equipped with advanced technology. Additionally, efficient public transportation connections and proximity to essential services such as banks and restaurants add further appeal to these areas. 

The supply continues to diversify with flexible options that allow for customized office layouts, tailored to the number of employees and specific needs of each company, facilitating greater versatility for businesses of different sizes.