Supply in the corporate office market in Monterrey closed April 2025 with 288,000 square meters of vacancy, equivalent to a rate of 13.2%, reporting an annual decrease of one percentage point.

Of interest: Solili Office Report April 2025: National office demand falls 38% compared to April 2024

The decrease in vacancy is directly linked to the dynamics of both demand and vacancy. Between January and April 2025, gross office absorption in Monterrey was 40,000 square meters, 33% higher than the transactions reported from January to April 2024. In contrast, vacancy rates during this period experienced a 35% decrease.

With a decrease in the vacancy rate, office rental prices in Monterrey also saw an upward adjustment, closing April at $18.71 per square meter per month, 61 cents more than in April 2024.

See here: Office leasing in Guadalajara increases for the fourth consecutive month

Monterrey's corporate market shows positive signs, driven by the $1 billion investment by the Volvo Group and the upcoming second wave of nearshoring. This outlook will not only benefit the industrial sector but will also increase demand for office space, reaffirming Monterrey's position as a strategic business hub for companies seeking stability and proximity to the North American market.