Political and commercial relations between Mexico and the United States continue to influence multiple economic sectors, including the office market according to the Solili platform.

Before his arrival at the White House, Donald Trump announced that he was going to impose a tariff tax on some countries, including Mexico with 25%, if the problem of illegal migration and drugs entering through the border with the United States is not resolved.

Of Interest: Office leasing in Mexico City decreases in January-February 2025

In the last week and after a call between the presidents of the United States and Mexico, the White House paused the tariff measures that had been placed on all Mexican imports. Trump does not rule out that the tariffs planned for Mexico on April 2 may rise and that this second pause was only a small respite for the automotive manufacturers in his country.

Faced with the constant threat of tariff imposition, investors do not see a secure future with investments in Mexico, since they believe that the current government has no plan to face these tariff challenges, which is why they have stopped future investments for Mexico, according to Fernando Turner, an automotive sector businessman.

Check here: Solili Office Report February 2025: Leasing decreases 27% during the first two months of the year

According to Solili, the uncertainty of tariffs has impacted the office market in the country, one of the clearest cases is that during January and February of this year, office leasing in Mexico City reached a total of 75 thousand square meters, which represents a decrease of 40% compared to the same period but in 2024.

At Solili you can consult available warehouses in: Monterrey, Reynosa y Tijuana.

Original Note.