When we analyze the rental prices of the corporate markets at the national level, where Ciudad de México and Monterrey account for almost 90% of the inventory at the national level, we observe that almost all reflect downward adjustments in their average rental prices, with the exception of Tijuana.

Taking as a reference that the covid-19 pandemic entered the country in March 2020, the prices in Tijuana on that date were $18.82 dollars per square meter per month, totaling in January 2022 of $19.57 dollars per square meter per month, that is, that Even in periods of pandemic, the Tijuana market has reported increases in office prices of just over 70 cents on the dollar, the only one in the country with this behavior. This is explained by being a market with low vacancy rates and sustained levels of demand.

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At the corridor level, Zona Rio and Agua Caliente are the ones that have registered the greatest increase in this period, the first of almost 3 dollars, while the second of 90 cents. For its part, the Fast Track corridor has remained at similar levels.

If the analysis is carried out throughout 2021, the lowest point in the average price was reached in May 2021 with $18.70 dollars per square meter, achieving a recovery from there that has been maintained towards the end of the year.

This important border market between December 2019 and February 2020, prior to the pandemic, had reached its historical low in recent years and generated a bump in the price curve where it registered $15 dollars per square meter per month.

In turn, Tijuana has been one of the few corporate markets that has maintained its positive quarterly net absorption levels during the two years of the pandemic, without major changes in unemployment levels.

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During the last quarter of the year, demand concentrated 80% on the Agua Caliente corridor and the remaining 20% on the River Zone. with surfaces whose size ranges from 70 square meters to 1.1 thousand square meters, mostly corresponding to Class A buildings.

The construction of new buildings advances at a moderate pace with almost 43 thousand square meters, all Class A and with elements of modernity and technology that seek to increase the corporate offer of the city. The Encuentro Norte, I Tower, Península City Hub and Cosmopolitan City Center,The Encuentro Norte, I Tower, Península City Hub and Cosmopolitan City Center projects stand out, the latter being the only one that offers 5.8 thousand square meters of available offices.

These new buildings are located on Vía Rapida, Zona Rio and Agua Caliente.