By the end of 2017's third quarter, these are the main indicators for the most relevant real estate markets in Mexico, according to Solili figures.

Mexico City

Office availability rate increased almost a point to 14.0% due to the delivery of 9 new buildings.

Gross absortion finished the third quarter in 123,246 m² and average asking prices did in $24.36 usd/m2/month, similar to the previous quarter.

On the other hand, construction closed with 1,742,775 square meters, a decrease compared to the last period caused by the delivery of 43,000 m2 of new space.

2 new projects started developing during this quarter.

Industrial sector construction added 275,000 m2, with the develop of 8 new warehouses during Q3 2017, totaling 512,026 m2.

There was an addition of 181,000 m2 to the inventory, of which 74% was vacant, generating an increase of 1.30% in the availability rate locating it in 4.90%.

Gross absortion totaled 226,398 m2.

Guadalajara

The figures show that in the corporate market, the Puerta de Hierro submarket continues to concentrate most of the demand of space, and in this quarter there was a new building delivered there.

Even though gross absortion was over 18,000 square meters, the availability rate stayed near 15% and the average asking price was $20.90 usd/m2/month, similar to Q2 2017.

In the industrial market, the availability rates continue with a decreasing tendency and finished this quarter in 2%, due to the strong dynamics shown by the absortion (85,736 m2) and the new offer.

The average asking price had no major movements and finished in $4.54 usd/m2/month, also construcción closed with 167,027 m2.

Tijuana

During Q3 2017, the industrial market in Tijuana incorporated over 250,000 ft2, with the delivery of 5 warehouses.

Gross absortion was 661,749 ft2, a decrease of 24% from last quarter. The average asking price finished in $0.42 usd/ft2/month.

Construction closed Q3 with 2, 265,819 ft2, as 2 new warehouses began developing.

As for corporate space, during August and September only, there were over 3,500 m2 leased. This activity showed strong dynamics, specially at the Zona Rio submarket, pushing the general availability rate on a decreasing tendency to 6.5%.

With 4 new office buildings being developed, construction finished by 19,403 m2, while the average asking prices for class A and B were $18.20 usd/m2/month and $12.21 usd/m2/month respectively.

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