In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that the notional capital values of prime office buildings in Mexico City have fallen by 1.2% over the last year. The prime yield is 7.5%, or a 1.44% premium/discount to the yield on 10-year government bonds. Over the last year, rents have risen/fallen by 2.2% and net absorption (on a rolling one year basis) has been 10.0%. The vacancy rate is currently 11.0%. Taking into account completions of new projects prior to the end of 2016, the supply pipeline is 16.2% of current stock. JLL considers that conditions will likely favour neither landlords nor tenants in 2016.

Source : November 2015/JLL/Mexico City/OFF