JLL: Net absorption of office space in Mexico City to fall in 2015.
According to Jones Lang LaSalle IP’s ‘Office Market Overview’ for Latin America, supply of new office space in Mexico City should rise from 310,000 square metres in 2014 to 523,000 square metres in 2015. Expected net absorption is expected to fall from 350,000 square metres to 263,000 square metres. This is in the context of an overall vacancy rate of 11.0% across 4,907,000 square metres of space at the end of 2014. Class A office rents were USD25-35 per square metre per month.
Source : 31 Mar 2015/JLL/Mexico City/OFF