Tijuana reports the highest office prices in Mexico
Solili | May 02, 2024 |

The metropolitan area of Tijuana is experiencing a particular real estate moment compared to other areas of the country; Due to its privileged geographical location and its proximity to the United States, it has given impetus to the arrival of industries, and increases in construction costs for the industrial, residential and corporate sector have combined to boost the value of the industry in this border city of the country.

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We see that the inventory in Tijuana increased 3.23 percentage points annually, with 278 thousand square meters inventoried, this at the national level positions it as the third market that increased its inventory levels only below Monterrey and Puebla; It is expected that this year will continue on a positive streak after the delivery of projects currently under construction.

The Zona Río corridor has the largest inventory footage for the office sector with 67%, which is equivalent to 186 thousand square meters, followed by the Agua Caliente corridor, which has 27.3% with 75 thousand square meters.

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On the other hand, speaking of prices in this market we see that the rental price has remained stable in the corporate sector of Tijuana, despite the variations that have occurred with the American currency, it has managed to remain at $22.48 dollars per meter. square at the national level.

Tijuana, which is positioned as an emerging market in the north of the country, has the highest starting price, above Mexico City and Monterrey, which report prices of $21.00 and $18.00 per square meter respectively as of May 2024.

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