During the period of January-March 2024, Guadalajara, office demand closed with 20 thousand square meters of lease, which represents a strong increase of 70% compared to the same period in 2023.

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86% of office leases during Q1 2024 occurred in the Puerta de Hierro and Providencia submarkets in Class A spaces with rental prices around $20.00 USD per square meter.

As a result of the high demand for spaces and low levels of vacancy, the main submarkets of Guadalajara presented a decrease in their vacancy rates, Puerta de Hierro currently has a vacancy of 7.8%.

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Likewise, Providencia obtained a vacancy of 7.7% with nearly 5 thousand square meters of absorptions without any vacancy and Nueva Zona Financiera ended with a vacancy of 14.5%.

The first quarter of 2024 has been dynamic for Jalisco, according to data provided by the IIEG, it ranked second nationally in job creation and within its municipalities Guadalajara obtained the highest figure. This coincides with the growth figures shown by the main indicators of how the office market in Guadalajara has performed.