Research

Tijuana Office Market Report 1Q 2024

Due to the market recovery, among other factors, the vacancy rate continues to be low and in a healthy range, in favor of landlords in lease negotiations.

May 07, 2024

Due to the market recovery, the reactivation of companies about returning to the office, adding the positive effect of near/reshoring and the growing demand for medical tourism, the vacancy rate continues to show low levels and in a healthy range, where the balance is tilted in favor of landlords in lease negotiations.

Market activity during the 1st quarter of the year, changes to a trend in favor of the tenant due to the lack of supply in the corridor.

The average rental price in the Tijuana market remains at USD$23.72 due to higher availability vs. previous quarters..

 

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