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Mexico City Office Market Report Q4 2020

Mexico City Office Market Report Q4 2020

The Office Market continues to struggle as the health crisis drags on.

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By the end of 2020, the office market in Mexico City continued to struggle and some indicators recorded historic lows. In the last quarter of 2020, the corporate market saw the highest vacancy rates since Newmark began monitoring this market in Mexico City. The 1.38 million square meters of vacant space translate into a record-high 18.6% vacancy rate of a 7.44 million-square-meter market of Class A and A+ inventory.

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