Over the seven months of this year, the Guadalajara office market has accumulated more than 36 thousand square meters of absorptions, a figure that exceeds what was obtained in previous years. This constant dynamism in the demand for space has led to the vacancy rate falling to 10.6%.

Of interest: Solili Office Report July 2024: accumulated demand from January to July reaches 472 thousand m²

Periférico is the submarket that currently has the lowest vacancy rate with 2.7%. An area with few options in office buildings due to its distance from the center of Guadalajara. On the other hand, the Chapultepec submarket with 5.2% also has a limited supply of spaces, since the buildings in this area are class B and C of small dimensions.

Puerta de Hierro, the main submarket in Guadalajara and which has 25% of the total inventory with large buildings, mostly class A, currently has 8.2% of available offices, which are quoted at an average price of $21.36 dollars per square meter, the highest in the entire market and which has been strengthening during this year.

See here: Office leasing in Monterrey reaches 21 thousand m² in 2Q 2024

The Nueva Zona Financiera submarket, characterized by an offer that adapts to different types of companies since it has both class A and B buildings in almost the same proportion, its vacant spaces to date add up to 13.3%, since just to mention some buildings such as Torre Mil, Torre Dorada and Midtown Jalisco do not have availability.

Although Guadalajara has had a moderate pace of new office building supply, it is expected that by the end of this year and throughout 2025, important buildings totaling 77.6 thousand square meters will begin to be incorporated into its inventory, which today is greater than 1.2 million square meters.