At the end of the first quarter of 2024, the vacancy rate in the Mérida corporate market stands at 9.7%, maintaining a downward trend for 5 consecutive quarters.

Of interest: Solili Offices Report 1Q 2024: Developers maintain stable prices to encourage demand

Over the course of a year, Cabo Norte has maintained a vacancy of 2.7%, however, in 2024 the numbers are expected to be activated again as The Sky tower will complete its construction, being the first skyscraper built in the southeast of Mexico. with more than 14 thousand square meters of net profitable area.

Another of the corridors with a minimum vacancy percentage is Boulevard García Lavín, which presented 3.1%, this is because its demand has been constant presenting leases and sales, so its office buildings mostly have more than 90% occupancy.

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The low vacancy rates in this market derive from constant demand as well as an inventory of buildings that has not shown movement since 2022. However, during the course of this year, the market is expected to become more dynamic with buildings that will add almost 33 thousand square meters to the offer of new office spaces.