This year it is expected that the offices in Mexico City will reach an vacancy rate of less than 20%, due to the economic reactivation and the indirect impulse that nearshoring is causing, said Héctor Klerian, deputy general director of JLL México.

"Even though the unemployment rate is at a historical high point, it remained stable, so we see that the market continues with a gradual recovery for this year, mainly due to the economic recovery," said the manager of the consultancy.

Check here: Solili Offices Report January 2023, demand for the month doubles that reported a year ago

He added that although with the Covid-19 pandemic the hybrid scheme is here to stay, and continues as an operational part in certain companies and lines of business, more and more employees are returning to physically work in offices and plants.

"On the other hand, nearshoring affects offices, when the industry grows those companies demand the services of lawyers, accountants or related positions that generate economic activity, which indirectly drives the demand for offices," Kerian explained.

However, the deputy general director of JLL Mexico commented that the vacancy rate will not be able to decrease further during 2023, mainly due to the fact that more square meters of offices will be added in Mexico City in the next two years.

Of interest: Tenants from Guadalajara and Tijuana opt for conditioned office spaces

“These buildings are moving at a slower pace, so deliveries of some could take a little longer,” he said.

"For this year, it is estimated that office spaces that can offer short-term contracts and in conditioned spaces will be more successful, in addition to having community areas and gardens," Klerian pointed out.

In Solili you can consult available offices in Polanco, Insurgentes and Reforma

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