25% of Corporate Office Space in Mexico Is Held by Companies with More Than One Location

Few companies have more than one office, but those that do occupy much more space than one might expect. According to SiiLA, in Mexico's main corporate markets, only one in ten companies operates from more than one property. And yet, collectively, they occupy a quarter of all leased office space.

This figure suggests that a significant portion of the market relies on companies operating from multiple locations rather than from a single headquarters. Sometimes, it's a matter of space—there simply isn't enough room in one building. Other times, it's about how companies are structured, with teams or functions that need to be kept separate. In many cases, it's simply the result of both factors at play.

Interestingly, those additional offices aren't spread across different markets in half of these cases, but concentrated within a single one. So, it's not always about geographic expansion. Sometimes, it reflects a consolidation of local operations rather than a national decentralization—or a different organizational structure in which offices function as nodes within a single urban ecosystem rather than peripheral outposts.

How this multi-office logic plays out varies across sectors. In industries like real estate, technology, finance, or transportation, distribution is more diverse: companies with a single office coexist with those operating in multiple markets, without a dominant pattern. However, in other sectors, the behavior is more defined. Electronics companies, government institutions, and many automakers tend to concentrate their operations in a single region. In contrast, insurance firms, law offices, and consultancies typically diversify and lease space in multiple cities.

In the most competitive office markets—Mexico City, Guadalajara, Monterrey, and Querétaro—companies like AT&T, AXA, Banco Santander, and Deloitte stand out, collectively accounting for some 25 corporate office sites. These companies extend their presence in the country's business hubs and tend to occupy larger, more strategically located spaces.