Research

Office Market Report Mexico City 2Q 2024

August 01, 2024

Gabriela Morales

Market Research
55 5980 4850

Carolina Fernandez

Public Relations JLL Mexico
55 4342 9122

• At the end of the first half of the year, the office market has experienced relevant activity, demonstrating a solid demand. Total market activity reached almost 300,000 square meters, with just over half of that space corresponding to the absorption of new space.

• The city’s average asking rent remains stable with a slight upward trend: USD $24.25 (USD/Sq. M /m) A slight recovery in rents is expected to continue, mainly in the submarkets that have the greatest demand.

• The market continues its gradual recovery, although oversupply prevails in most of the market, rents have shown a slight increase, mainly in the CBD market. Unfortunately, not all office corridors are in the same situation and have not been able to recover in the same way, therefore, the city’s office market condition is neutral.

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