The Guadalajara office market ended May 2026 with 76,000 square meters under construction, a figure that represents a 29% year-over-year decrease and marks the lowest level recorded in the last three years.

Of Interest: Solili Offices Report May 2026: Demand Totaled Nearly 200,000 m², 55% More Than April-May 2026

The decrease in construction area occurs within a national economic context of a more moderate investment pace and more limited growth expectations. The Mexican economy has shown less dynamism in productive investment and industrial activity, factors that have affected various segments of the real estate sector.

In the Guadalajara office market, this environment has led to more selective activity in the development of new projects. Despite this, activity remains concentrated in the city's most established corporate submarkets.

The Nueva Zona Financiera submarket leads the way, concentrating nearly 50% of active construction and solidifying its position as the main office development hub in Guadalajara. Providencia ranks second, with an 18% share.

See here: Monterrey's corporate market registered a vacancy rate of 11.6% in April 2026

The reduction in construction area in Jalisco's most important corporate market is due to both the completion of existing projects and fewer new developments.

Over the past year, Guadalajara saw the addition of approximately 27,000 square meters of completed construction, while the volume of new projects was more limited, resulting in construction area reaching its lowest level since 2023.