Recent data from real estate platform Solili reveals that Mérida is solidifying its position as an attractive destination for office rentals and purchases nationwide. The city’s market offers affordable prices, a growing infrastructure, and rising demand for corporate space, making it one of the most competitive markets in the country.
According to Solili’s analysis, the average monthly rental cost for offices in Mérida is $15.53 per square meter, equivalent to approximately 304 Mexican pesos. This price positions Mérida as one of the three most affordable markets in the country, behind only Puebla and Querétaro.
A closer look at the city’s office rental market reveals that García Lavín Avenue offers the most affordable rates, with rents of $11.68 per square meter (approximately 228 Mexican pesos). This prime location makes it an attractive option for companies looking to reduce costs without sacrificing a high-quality space.
In contrast, the Altabrisa area has the highest rents, with prices reaching $18.37 per square meter, equivalent to approximately 359 Mexican pesos. The high quality of developments in this area, its strategic location, and growing added value contribute to the higher price point.
Solili notes that another example of a high-end office space is the Montejo corridor, home to notable buildings like Mid Center. These facilities boast premium amenities and a central location, justifying their higher prices.
Despite a 7.4% vacancy rate in Mérida’s office supply, prices have not increased significantly. This can be attributed to the fact that most of the demand has been for purchases, particularly in speculative developments – constructions without a defined client.
According to Solili, at the end of 2024, gross office demand in Mérida was 14,600 square meters, with 74% corresponding to sales. The Cabo Norte corridor stood out as the top performer, reaching 8,300 square meters sold.
Solili emphasizes that the diversity of supply has been key to the attractiveness of the market in Mérida. For instance, Class B buildings represent a significant proportion of available properties in locations like García Lavín Avenue, offering affordable options without compromising quality or services.
This allows local and foreign companies – emerging and established alike – to establish themselves in Mérida without facing the high costs associated with other major cities such as Mexico City, Monterrey, or Guadalajara.
Source: Sipse
