Low occupancy expected to continue in Mexico’s office market

In Mexico City, the largest market in the country, unused office space accounted for 11.1% in category A offices and 20.8% for A+ offices during 2Q21, according to data from real estate intelligence provider SiiLA. Both categories had availability rates of between 6% and 7% in late 2019, right before the pandemic, said Jose Carlos Aleman, CEO of SiiLA Mexico.

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