León maintains competitive prices despite the low supply of offices
Solili | March 14, 2024 |

León Guanajuato has had growth and development of opportunities for the industrial and residential sector, aspects that have also encouraged the rebound in the office sector.

The office market in León reaches its lowest point in February in vacant spaces with 18 thousand square meters that represent a vacancy rate of 8.9%, the lowest nationally and a rental price that remains competitive at $12.5 dollars per square meter for the office segment.

Of interest: The limited supply of offices in Tijuana impacts rental prices

During the last two years, the office market with the lowest rental price has been León Guanajuato; It is also noteworthy that the vacancy percentage in that same period has been gradually decreasing. Its lowest point was reached in the month of February 2024 with only 8.9%.

The office supply has been mainly concentrated in two submarkets that remain constantly active, being Campestre - Country with 7% vacancy and the López Mateos submarket with 13.4% vacant spaces; Available spaces range from 200 square meters to 2 thousand square meters.

Given the low vacancy reported by the Campestre - Country submarket, it also shows the highest rental price, closing the month of February with $15.42 dollars per square meter.

Check here: Demand for offices in Guadalajara doubles that reported during January-February 2023

The León Guanajuato market has shown important variations in the rental price, it can be seen that in February 2023 it had an average rental price of $12.98 dollars per square meter, reaching its highest point in June 2023 after positioning itself at $13.50 dollars per square meter.

There are important challenges ahead for this office sector and it is expected to see how the market reacts to the still growing factor of nearshoring as well as the buildings that are about to complete their construction and go on the market and the growth of new companies that are committed to the creation of coworking spaces.

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