The Mérida corporate market continues to consolidate its position as the most important in southern Mexico, supported by an expansion cycle recorded between the first quarter of 2025 and the first quarter of 2026, a period in which approximately 36,000 square meters of Class A office space were added to the inventory. Most of this new supply was concentrated in the Cabo Norte and Montejo submarkets, which led to the development of corporate projects in the city.

Of interest: Solili Offices Report Q2 2026: demand reaches 244,000 m² and vacancy rate drops to 15.4%

During this period, the vacancy rate increased, reaching its highest point in October 2025 at 16%, due to the doubling of vacant space.

However, the market's dynamism showed a gradual increase in absorption through the buying and selling of office space. By the end of June 2026, after 18 months of operation, nearly 11,000 square meters of office space had been sold. In line with this trend, the vacancy rate decreased to 14.6% by the end of June 2026.

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These indicators reflect that the market is gradually moving forward in leasing new inventory after a period of strong expansion in supply. Furthermore, the state of Yucatán continues to promote investments and strategic infrastructure projects to boost economic activity and attract new businesses.