The Alvaro Obregon borough in Mexico City stands out for its socioeconomic and cultural diversity. Within this area, you'll find middle- and upper-class residential neighborhoods alongside commercial districts. Furthermore, it boasts a rich cultural scene, a wide array of public services, and a prominent office corridor along Insurgentes Avenue, one of the city's main arteries.

According to SiiLA, 4% of the Gross Leasable Area (GLA) for office spaces in Mexico City is situated within the Alvaro Obregon corridor. Here, tenants that generate stable long-term rents converge, adding an element of stability and sustained growth prospects. Among these tenants are government agencies and non-profit organizations, occupying 41% of the existing corporate space, as well as FIRE (Finance, Insurance, Real Estate, Legal) companies, which occupy 26%.

On Insurgentes Avenue, within the Alvaro Obregon borough, there are significant real estate developments like Torre Manacar, which, in the summer of 2017, added 22 floors with approximately 47,000 square meters of GLA to Mexico City's office market, along with five commercial levels and two mixed-use levels.

As per SiiLA SPOT, Mexico's largest and most comprehensive database of available industrial, office and coworking spaces, Torre Manacar is one of the city's newest commercial and office complexes, with available office spaces of almost 2,000 square meters on average, high-quality infrastructure, 16 elevators, underground parking, controlled access, state-of-the-art security and fire prevention systems, in a strategic area with high economic and business dynamism.

Discover available spaces in Torre Manacar with just one click through SiiLA SPOT!

Quality and Competitiveness in the Southern Part of Mexico City

The presence of properties like Torre Manacar on Insurgentes not only strengthens the attractiveness of this area for companies from various sectors, but also enriches urban life by offering versatile spaces that combine commercial, corporate, and entertainment activities, thus consolidating the area's position as a significant hub of activity in Mexico City.

According to SiiLA Market Analytics, offices in the Insurgentes Submarket within the Alvaro Obregon borough are known for their stability and high quality. Data indicates that 71% of the corporate GLA in this region falls into class A+ and A categories. Furthermore, there's an average vacancy rate of around 15%, slightly lower than the entire Insurgentes Submarket, which hovers at approximately 17%.

The above suggests that this office corridor is a high-value area, offering attractive investment and development opportunities due to its properties and infrastructure's diversity, stability, and quality.

If you're interested in exploring the opportunities that Torre Manacar has to offer, don't hesitate to visit SiiLA SPOT and discover how this impressive building can elevate your business and optimize your presence in Mexico City's southern part. For more information, contact us at spot@siila.com.mx.