Positive Office Market Trends in Guadalajara
Unlike other regions in Mexico, Guadalajara’s office sector has shown positive growth, driven by the arrival of technology and logistics companies. This momentum is paving the way for new office building investments, particularly in the Metropolitan Area where demand for Class A and A+ offices is intensifying.
Key Sectors Fueling Growth
Guadalajara’s economic development strategy has focused on key sectors, including automotive, healthcare, agroindustrial, and technology. This strategic approach has been instrumental in attracting companies, especially to the Metropolitan Area.
CBRE Mexico Data Insights
According to CBRE Mexico, the vacancy rate in Guadalajara’s office market closed at 12% during the first quarter of 2025, a decrease of 1.7 percentage points compared to the same period in 2024.
This translates to approximately 96,200 square meters of vacant space, indicating a healthier and more dynamic market. The contrast is evident when compared to Mexico City, where the vacancy rate stands at around 22%.
Office Occupancy and Transactions
Gross occupation in Guadalajara, including newly commercialized spaces, surpassed 6,200 square meters. The Puerta de Hierro corridor leads the market, accounting for 50% of this surface area, followed by the Financial Zone with 19%.
In both submarkets, full-floor property transactions have been the primary deals, signaling a preference for spacious and high-quality spaces.
New Projects on the Horizon
The office inventory has remained stable over the past three quarters due to several developments still under construction. However, progress is becoming increasingly visible.
If the current pace continues, around 20,000 square meters of new spaces are expected by the end of 2025, mostly in the Financial Zone. These new spaces range from 5,000 to 12,000 square meters, aiming to meet the demand from companies.
Despite international political and economic uncertainties, Guadalajara has become an attractive location for companies, particularly technology and logistics firms. This has elevated Guadalajara’s status in the office real estate sector.
Key Questions and Answers
- What is driving the positive office market trends in Guadalajara? The arrival of technology and logistics companies has fueled growth in Guadalajara’s office sector.
- What are the key sectors contributing to this growth? Automotive, healthcare, agroindustrial, and technology sectors have been instrumental in attracting companies to Guadalajara.
- What does the vacancy rate indicate about the office market? A 12% vacancy rate in Guadalajara’s office market during Q1 2025 signifies a healthier and more dynamic market compared to Mexico City’s 22% vacancy rate.
- What types of office transactions are most common in Guadalajara? Full-floor property transactions have been the primary deals, indicating a preference for spacious and high-quality office spaces.
- What new projects are expected in Guadalajara’s office market? Approximately 20,000 square meters of new office spaces are anticipated by the end of 2025, primarily in the Financial Zone.
