During the first quarter of 2021, the Office Market in Mexico City saw similar trend to the previous year as it once again recorded modest figures. Over the last few years, the Class A and A+ inventory in the city has increased at a constant pace, reaching nearly 7.5 million square meters in this quarter. This increase in the inventory combined with a vacancy rate of 21.4%, equivalent to more than 1.6 million square meters of available Class A space. Despite market activity being considerably better than in previous quarters with a gross absorption of 77,870 square meters, the vacated spaces overshadowed this recovery. In this vein, the vacated spaces and the deliveries contributed to a net absorption of negative 188,972 square meters.