Closeness to San Diego makes Tijuana a favorite for office development
Solili | March 23, 2021 |

Due to its proximity to the United States, specifically San Diego, California, Tijuana has become an attractive destination for investment in corporate real estate.

Specifically, said border city has an increase in the development of health tourism which has demanded the construction of new spaces for this activity.

Since 2019, various investors have opted for the construction of mixed-use buildings that house apartments, corporate spaces and shopping centers.

Such is the case, for example, of Cosmopolitan City Center that offers 11 thousand square meters of offices that have a price ranging from 170 thousand dollars to one million dollars.

Cosmopolitan City Center is located in the Zona Río corridor where the monthly rental price is located at 18.74 dollars per square meter.

In this corridor there is currently an inventory of 180,331 square meters with a vacancy of 5.9 percent.

Another of the corporate developments that have settled in the city is the Tijuana Business Hub located in the Agua Caliente corridor, which stands out for its proximity to the San Ysidro checkpoint and the airport.

This complex offers 17 thousand 95 square meters for the rent or sale of corporate spaces of up to 80 square meters.
 
In Agua Caliente, according to Solili, there is an inventory of corporate properties of 72 thousand 673 square meters where 22 thousand 477 square meters are vacant.

In this corridor there are 4,400 square meters of offices under construction until February 2021.

According to information from the real estate platform Solili, until February 2021, Tijuana has an inventory of 270 thousand 61 square meters of which 33 thousand 895 square meters are vacant.

Around 28,734 square meters are under construction, which will be integrated into the city's inventory in the coming months.

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