Mexico City Office Occupancy Reaches 83% After Six-Year Decline
Mexico City, February 28, 2026 – Mexico City’s office rental market has experienced a substantial recovery, with occupancy rates climbing to 83%. This marks a significant turnaround after a six-year downturn primarily caused by the COVID-19 pandemic and the widespread adoption of remote work.
According to Grupo FREL, a financial firm specializing in real estate, the total occupied office space in the city reached nine million square meters in 2025. This rebound indicates a strong return to traditional office environments following the pandemic’s impact.
Financial Sector Drives Demand
The financial sector has been the primary driver of this increased demand, with banks accounting for 30% of the nine million square meters occupied across the city. Beyond finance, other sectors actively seeking office spaces include insurance companies, real estate firms, government offices, and business services.
The areas experiencing the highest demand are Polanco and Reforma, alongside Santa Fe, which has attracted numerous technology and entertainment companies. These districts are becoming key hubs for businesses looking to establish or expand their presence in the capital.
Strong Close to 2025
The final quarter of 2025 saw a particularly high demand, with nearly 30,000 additional square meters absorbed. The average rental price stood at 22.52 dollars per square meter, equivalent to 388 pesos at the current exchange rate.
“We witnessed a solid close to the year where uncertainty has given way to investment certainty. With availability adjusted to 16.34%, the fact that net absorption is positive confirms that the market is organically expanding again,” explained Grupo FREL.
This positive trend suggests a renewed confidence in Mexico City’s commercial real estate market, with businesses increasingly opting for physical office spaces over remote work arrangements. The sustained growth is expected to continue as more companies adapt to the post-pandemic economic landscape.
The recovery is a welcome development for the city’s economy, signaling a return to normalcy for many businesses and contributing to job creation and urban revitalization.
Source: https://oem.com.mx/elsoldemexico/metropoli/aumenta-la-ocupacion-de-oficinas-en-renta-en-cdmx-28710305
