Guadalajara has stood out for its solid performance in attracting new investments and leasing activity in the office market, which has driven a constant increase in accumulated demand over the last four consecutive years.

A total of 66 buildings presented significant leases that contributed to the total annual demand being more than 77 thousand square meters in 2023, of which 82% of the occupancy was in class A properties.

Of interest: Discover the office brokers that capitalized on investments in Monterrey in Q4 2023

In the first quarter of 2022, there was a vacancy of 20.30%, where the class A office market was still suffering the ravages of the pandemic and negative gross demands from previous quarters. However, its recovery was notable since for the fourth quarter of 2023 it achieved a historic figure of 11.5%.

The lowest vacancy figures at the end of 2023 were recorded in the Puerta de Hierro corridor with 8.78%, one of the most exclusive areas of Guadalajara with buildings such as Diamante Puerta de Hierro, which topped the list with the highest lease, followed by Andares Corporativo Paseo, which To date it only has 5% availability of its spaces.

Check here: New investments will continue to expand the Mérida office market

The current trend is modern spaces with appropriate technology both for offices that adapt to diversified business models as well as for those large buildings that continue to be optimal for attracting renowned companies. An example of this is The District, a large-scale mixed-use project in an area surrounded by vegetation, which promises to be an important tower for the Nueva Zona Financiera submarket.

The so-called Silicon Valley of Mexico, a nickname it has received for being considered a technological cluster, which houses large companies, both national and international, and which have found in this an optimal place to establish their corporations, has had imminent growth showing itself to be a market strong. With the help of companies like Amazon, Porsche, Globant, which brought their companies to this market, contributing to continue the reactivation of demand.