JLL: Mexico City CRE investment volumes down 92% in 2015
In its Global Market Perspective for 1Q16, Jones Lang LaSalle noted that commercial real estate investment volumes in Mexico City fell by 92% in 2015. Capital values for prime offices fell by 2.7%. Rental yields for prime offices were 7.5%, or 123 basis points above the yield on the relevant long-dated government bond. Rents for prime office space were unchanged. Net absorption during 2015 was equal to 8.0% of existing stock. At the end of the year, the office vacancy rate was 13.0% and the supply pipeline for 2016-17 equated to 18.0% of existing stock.
Source : JLL/ January 2016/Mexico City/OFF