At the close of Q2 2025, Mérida's corporate market registered a vacancy rate of 13.4%, reporting an increase in the immediate supply of offices of nearly 11,000 square meters over the course of the last year.

See here: Solili Office Report 2Q 2025: Demand is 10% lower than that reported in June 2024

Montejo, the corridor with the highest vacancy, closed June with a 24% vacancy rate, due to the recent opening of Tower Two of the Vía Montejo complex, which added nearly 12,000 square meters of Class A office space to the supply.

The Poniente office submarket, meanwhile, reported a vacancy rate of 17.4%. The Altabrisa submarket, reports less corporate supply, had a vacancy rate of 4.3%.

At the end of the sixth month of 2025, the average office rental price in the Mérida market stood at $19.52 per square meter.

Of interest: Office demand in Querétaro doubles in April-May 2025

While vacancy levels have certainly risen in the Mérida office market, this increase is due to the expansion of inventory, with the addition of new corporate buildings.