The Mexico City office market closed 2017 with an inventory of more than 6 million square meters and a construction pipeline of 1.8 million square meters. For 2018, nearly 840,000 square meters of new supply are expected to deliver to the market, an inventory increase of 14%. More than 30% of the space under construction that will deliver this year has been pre-leased, primarily in the Periférico Sur, Polanco, and Insurgentes submarkets.

In February, more than 275,000 square meters of the new supply to deliver in 2018 has been pre-leased with the Periférico Sur submarket containing the highest-levels of pre-leasing activity.

Despite healthy pre-leasing activity, the Insurgentes Sur, Norte, and Polanco submarkets concentrate the majority of new available space delivering to the market in 2018, which could influence market dynamics within these submarkets during the course of 2018.