Since 2020, the office market in Mexico has experienced notable volatility, constantly defying expectations and facing various obstacles. However, in the midst of this uncertain panorama, Querétaro has emerged as a prominent point of stability and growth.

This market has shown an upward trend in leasing activity, demonstrating a gradual and steady recovery despite the prevailing challenges. Querétaro's resilience to market fluctuations not only highlights its attractiveness as a commercial destination, but also its ability to adapt and thrive in challenging environments.

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According to data provided by the Ministry of Economy, Querétaro registered Foreign Direct Investment (FDI) that amounted to a total of $617 million dollars until September 2023.

Compared to the year before the pandemic, when the demand for office space in Querétaro reached 56 thousand square meters leased, the year 2023 registered a demand of 42 thousand square meters. These data indicate a recovery trend in recent years, evidencing gradual progress in the region's office market.

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In January 2024, the numbers remain promising, with positive net demand and significant leases totaling over a thousand square meters in the Bernardo Quintana and Centro Sur corridors. It stands out that 83% of the occupied spaces belong to the Class A category.

We observe a dynamic market with positive indicators in the leasing sector. Although developers have opted for a cautious approach to construction, there are expectations of reactivation for new projects throughout the year.