JLL: Net absorption of office space in Monterrey to rise in 2015.
According to Jones Lang LaSalle IP’s ‘Office Market Overview’ for Latin America, supply of new office space in Monterrey should rise from 95,000 square metres in 2014 to 154,000 square metres in 2015. Expected net absorption is expected to rise from 42,000 square metres to 50,000 square metres. This is in the context of an overall vacancy rate of 19.5% across 1,040,000 square metres of space at the end of 2014. Class A office rents were USD19-25 per square metre per month.
Source : 31 Mar 2015/JLL/Monterrey/OFF