During the period of April-May 2024, the demand for offices nationwide reported a favorable performance with the leasing of 129 thousand square meters, increasing by 10% compared to the same period in 2023.

During the month of May alone, the occupation of corporate spaces exceeded 56 thousand square meters. The office market in Mexico City led the demand, concentrating 70% of the transactions carried out in the fifth month of 2024, followed by Guadalajara, which rose to second position with 13%, while Monterrey occupied third position with 11%. % of monthly demand.

The positive performance of the country's capital is attributed to its position as Mexico's main business center, attracting a large number of both national and international companies. Advanced infrastructure, along with government initiatives to promote investment, have been key to its growth.

The move outs of office spaces closed the period from April to May with around 85 thousand square meters released, remaining at similar levels to those reported in the same period of 2023.

Mexico City continues to be the market with the largest amount of move outs, with more than 67 thousand square meters. This represents two thirds of the space occupied during the two-month period from April to May.

On the other hand, the office market in Monterrey reported a move out activity of 15 thousand square meters, slightly above the occupied space in the same period.

The construction start of office projects nationwide continues to show a moderate performance with the start of 10.5 thousand square meters. Mexico City and Guadalajara are the only office markets that reported the start of new buildings with 8 thousand and 2.5 thousand square meters, respectively.

The increase in office leasing activity reflects a recovery in the corporate sector, driven by several factors. Firstly, the economic recovery has led many companies to expand their operations and look for new spaces for their offices. The easing of remote work policies has created a combined demand for physical spaces and hybrid work options. 

The improvement in macroeconomic conditions and investor confidence are in turn factors that have contributed positively.This panorama of growth in office occupancy reflects an economic recovery and an improvement in confidence in the corporate market, which shows that companies continue to look for strategic locations that offer the greatest advantages and most competitive operating costs.