Mexico City reaffirmed its leadership in Q1 2025 as the country's leading corporate market, accounting for 68% of gross office take-up, representing 60% of net take-up.

Of interest: Office vacancy in Querétaro doubles compared to Q1 2024

However, compared to Q1 2024, a 15% decrease in office leasing is reported, primarily due to political and economic instability stemming from current trade tensions.

The corporate corridors with the highest leasing activity in the first quarter of 2025 were Polanco with 27%, followed by Santa Fe with 21%, and Insurgentes with 13%.

Check here: Puebla has the highest office vacancy rate in Mexico

In terms of rental prices, Mexico City ranks second in the nation with the highest rental prices, at $21.10 USD/m²/month. Among the areas with the highest prices, Lomas Palmas stands out at $26.47 USD/m²/month, followed by Polanco at $23.27 USD/m²/month.

The office market faces the challenge of adapting to a changing city; meanwhile, the sector's recovery will depend largely on the political climate, economic stability, and the authorities' ability to create conditions that encourage investment and formal employment in the nation's capital.