As of the end of August 2026, the Mexican corporate market continues to undergo adjustments in response to current sector conditions. During the July–August two-month period, office demand declined compared to the same period the previous year, while market activity remained more selective.

Between July and August 2026, national office demand totaled 120,000 square meters, representing a 38% decrease compared to the same period in 2025. Mexico City led national demand, accounting for nearly 60% of the total volume, followed by Guadalajara (16%), Monterrey (12%), and León, Guanajuato (8%).

During the first eight months of 2026, office occupancy reached over 360,000 square meters, representing a 10% decrease compared to the same period in 2025.

In contrast, the national move outs of offices during July-August 2026 reached 50 thousand square meters, a figure that represents a decrease of 34% compared to the same period in 2025. Mexico City concentrated 75% of the freed space, followed by Monterrey with 7%, Puebla with 6% and Guadalajara with 4%.

Office construction concluded August with more than 1 million square meters under development, showing a 15% decrease compared to a year before. Mexico City concentrated approximately 50% of the surface under construction, followed by Monterrey with 16%, León, Guanajuato with 11%, and Guadalajara and Tijuana with a share of 7% each. At the end of August, there were no new construction starts, maintaining the trend of caution in the development of new projects.

The national office inventory reached 18 million square meters at the end of August 2026, registering an annual growth of 2.1% compared to the same month in 2025. During August, no new office supply was registered in any of the country's main corporate markets.

Office vacancy in the country reached 2.7 million square meters, equivalent to a vacancy rate of 15.0%, showing a decrease of 1.2 percentage points compared to the rate registered in August 2025. Puebla presented the highest vacancy rate nationwide, with 19.1%, followed by Mexico City with 16.7% and Mérida with 15.0%. In contrast, Tijuana registered the lowest vacancy rate, with 6.1%, followed by León with 9.4% and Monterrey with 10.2%.

In August 2026, the average office rental price nationwide stood at $20.60 USD/m²/month, which represents an annual increase of 1.7%. Mexico City remains the market with the highest rental price in the country, with $21.40 USD/m²/month, followed by Tijuana with $21.10 and Mérida with $19.90. At the opposite extreme, León, Guanajuato maintains the most competitive rental price among the main corporate markets, with $10.40 USD/m²/month.

The corporate office market in Mexico continues to adapt to the current conditions of the sector, with more selective activity on the part of companies and a cautious stance on the part of developers. In this context, the main markets show differentiated behavior, while the sector gradually moves towards a greater balance between supply and demand.