The Mexican office market reached a total of 1.2 million square meters under development at the end of November 2025, maintaining the same levels as the same period of the previous year.

Of interest: Centro Sur positions itself as the most in-demand corporate corridor in Querétaro

Corporate building construction activity in the country was concentrated primarily in the Mexico City market, which accounts for 58% of the space under development, followed by Monterrey and Guadalajara with 16% and 8%, respectively.

See here: Solili Offices Report November 2025: Demand reported more than 150,000 m² in October-November 2025

During the penultimate month of 2025, the Mexican corporate market had a large supply, totaling 2.5 million square meters, which translates to a vacancy rate of 14.2%.

In November, the average asking price for Class A and B office properties was $20.20 USD per square meter per month.