2026 will be a year of consolidation for the office sector, driven by hybrid work, migration to smaller and high-end spaces. However, it is estimated that rental prices will increase by 8.4%. "We are already seeing a greater flow of occupancy in key corridors of the country, but with greater issues of quality, with smaller spaces that imply lower operational costs for companies and with environmental certifications, as an investment filter, but at a higher cost," said Vianey Macías, Head of Market Research at Spot2.mx. According to the firm, by 2026, the average rental price for Class 'A' and 'B' offices is expected to be $22.51 per square meter (m²), an increase from $20.75 in 2025. Currently, modern developments like The Summit in Santa Fe stand out. "Right now, we have noticed requests from companies looking for smaller spaces, already conditioned and furnished with Plug & Play, which is what a coworking offers, already furnished with all the amenities and services that another building could give," detailed Lecuona. Although offices are resurging, Vianey Macías points out that some obstacles persist, ranging from energy supply and financing to the caution of investors due to the renegotiation of the Mexico, US, and Canada Trade Agreement (T-MEC). In the Mexico City Metropolitan Area and Monterrey, the cost could rise to $24.26 and $23.15 per m², respectively. In the office sector, Macías added, absorption will tend to concentrate in Class 'A' and 'A+' assets, particularly those capable of offering energy efficiency, operational flexibility, and lower functional obsolescence risks. In 2025, the five most dynamic markets in the country—Mexico City, Monterrey, Guadalajara, Querétaro, and Tijuana—summed up a gross absorption of around 485,000 m² of Net Rentable Area (NRA), according to Datoz, the real estate intelligence platform. In 2025, the most active corridors were Insurgentes and Polanco, which absorbed 26% and 23%, respectively, of the total in the capital, where gross office space absorption reached 340,000 m². Meanwhile, in Monterrey, gross absorption reached 82,000 m², driven by automotive sector companies, which concentrated 14,772 m², highlighting the Japanese company Yazaki in Santa Catarina, dedicated to manufacturing harnesses and electrical components for vehicles. Guadalajara, for its part, recorded an annual absorption of 45,000 m², driven by Consulting and Logistics companies, including Nielsen in the HPE Business Park building. According to Vianey Macías, the offices in Santa Fe in CDMX will benefit from the operation of the Interurban Train 'El Insurgente,' which runs from Observatorio to Zinacantepec, connecting the industrial zone of Toluca with the capital. "With the implementation of the train, this corridor will resurge and will start to increase its prices with this entire industrial boom," she noted. Currently, offices located in this western part of the country register a vacancy rate of 22%, meaning that two out of every ten spaces are not leased and do not generate income, while in areas like Polanco, the figure is 12%. Polanco remains the most demanded 'submarket' with an occupancy rate of 89.71%, above the city average, while in Santa Fe the rate rises to 75.58%. "The strength of Santa Fe is often underestimated, but the data is clear, with over 1.4 million m² of inventory, it remains the premier financial district. The positive absorption in this corridor indicates that companies continue to value world-class infrastructure," said Paulette Lecuona, Commercial Director of Grupo FREL. FREL is one of the most experienced real estate developers in Mexico, with over 70 years of experience in the market and manages high-profile projects such as the American Express Corporate office and the mixed-use Plaza Polanco complex.
