During the first eight months of 2026, office demand in Mexico exceeded 360,000 square meters, a 10% decrease compared to the same period in 2025. This result reflects more selective corporate activity in light of current market conditions.

In the July-August two-month period, national demand totaled 120,000 square meters, 38% less than in the same period of 2025. Mexico City accounted for nearly 60% of the volume, followed by Guadalajara with 16%, Monterrey with 12%, and León with 8%.

Of note: Polanco, Insurgentes, and Lomas Palmas account for 70% of office demand in Mexico City

Meanwhile, vacated space during this two-month period totaled 50,000 square meters, 34% less than a year earlier. Mexico City accounted for 75% of the space vacated. At the same time, the area under construction exceeded 1 million square meters, 15% below the level recorded a year ago.

Demand trends throughout the year have been accompanied by a slower influx of new supply. No new construction projects began in August, and no new space was added to the national inventory—which reached 18 million square meters, reflecting 2.1% annual growth.

See also: Office leasing in Querétaro’s Bernardo Quintana corridor gains momentum in 2026

At the end of August, the national vacancy rate stood at 15.0%—equivalent to 2.7 million square meters—marking a 1.2 percentage point decrease from the previous year. Against this backdrop, the office market continues to undergo an adjustment process, characterized by more moderate demand and a more cautious approach to new supply.