Nearshoring Is Driving Up Demand for Office Space in Mexico

Nearshoring has driven growing demand for real estate; with the arrival and expansion of manufacturing, logistics, and technology companies, office space has become necessary to accommodate engineering, supply chain, finance, technology, and regional support teams.

According to the 2026 Office Report by Spot2, a digital real estate ecosystem, average rents reached US$22.24 per m² in Monterrey, US$20.99 in Guadalajara, and US$20.60 in Querétaro.

The platform explains that market behavior is linked to demand from companies undergoing industrial relocation; among these companies are automotive, logistics, and information technology (IT) firms, as well as supply chain companies.

The fact is that the setup of a new industrial plant now begins before its production lines are even in place. Companies are looking for spaces where teams can work to launch and manage the plant’s operations. Likewise, the traditional model for office space has changed, as these companies are looking for spaces they can use as quickly as possible; due to nearshoring trends, they need to begin administrative operations while their plants are still under construction.

Companies have opted to pay rent for a fully equipped space, which is more convenient for them.