Over the course of 2025, the office market in Queretaro saw an increase in corporate vacancy, accumulating a total of 4.7 thousand square meters vacated between January and September, a figure that represents an 85% increase compared to the same period in 2024.

See here: Solili Office Report 3Q 2025: National Office Demand Doubles Compared to 3Q 2024

The Constituyentes and 5 de Febrero submarkets registered the highest vacancy rate for the same period, accounting for 44% and 30% of the total, respectively.

The increase in vacancy has been reflected in the vacancy rate, which increased 155 basis points compared to the beginning of the year. However, this growth remains partially contained by steady demand, which has moderated the impact on corporate supply.

Of interest: Office construction in Tijuana reported a 25% year-over-year increase

While supply has certainly increased, the Queretaro office market remains stable, with sustained demand and growth expectations for the remainder of 2025.