Gross Absorption in Q 3 2020 reported 10,500 sq. m. 32 lower than the 2019 figure.
- The construction indicator in Monterrey's Class A/A+ office market closed with just over 305,000 sq. m., and two new mixed-use developments began construction during the quarter in Santa Maria and Valle Oriente.
- The vacancy rate recorded 17.9% with just over 238,000 sq. m. of vacant space.
- The average asking price for the quarter closed at US$17.05 per sq. m. per month, a decrease of US$3.17 from the same period last year.