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SMI - GERAL Q4 2025
+3.25 % 370.88
=
INCOME RETURN
+2.22 % +
APPRECIATION RETURN
+1.03 %
USD / MXN
0.00 % 17.35
GDP (Quarterly, Millions)
-1.24 % 29,325,765.23 PTS
CPI
0.00 % 4.45 PTS
Reference Rate
0.00 % 6.50 PTS
Closing IPC
-1.78 % 67,976.50 PTS
UDIs
0.00 % 8.84 PTS

How Do 13th Floors Perform in Mexico? Despite Their Bad Reputation, 19% of Buildings Include Them and Exceed Expectations

  • Despite the prevalence of superstition, the fact that 19% of class A+, A, and B properties in Mexico’s top office markets still include the 13th floor is a clear indication of the rationality that governs real estate decisions.

  • Data from SiiLA shows that while the vacancy rate of office spaces on the 13th floor is 13% higher than the national average, rental prices remain nearly identical. This suggests that using the number 13 has little impact on the potential for a space to generate income, or its commercial viability.

Alan Rodríguez is the Commercial Director of Grupo FREL, owner of The Summit Santa Fe. Photo: SiiLA.
Alan Rodríguez is the Commercial Director of Grupo FREL, owner of The Summit Santa Fe. Photo: SiiLA.
By: SiiLA News
09/13/2024

The superstition surrounding the number 13 has left an indelible mark on architecture worldwide, and Mexico is no exception. From the early skyscrapers in New York to the most modern office buildings in Mexico City, fear of the 13th floor has influenced the design and numbering of many properties. This practice, rooted in a mix of urban, religious, and cultural beliefs, has led many developers to omit or disguise this floor in their projects.

However, not all buildings succumb to this trend. In Mexico’s four main office markets—Mexico City, Guadalajara, Monterrey, and Querétaro—19% of class A+, A, and B buildings proudly include a 13th floor, according to SiiLA data. This means that at least 166 buildings in these cities defy superstition, showcasing a bold and functional design that prioritizes functionality over popular beliefs.

Although most buildings in Mexico avoid the 13th floor, skipping from 12 to 14 or using labels like 12 ½ or 12B, SiiLA Market Analytics data reveals exciting differences and similarities in their commercialization.

While the vacancy rate on 13th floors is 13% higher than the average in the country’s leading office markets, hovering around 20.5%, the asking price is almost identical, at $22.7 per square meter compared to $22.9 for the office average. This indicates that while superstition may influence demand, it is not strong enough to devalue these spaces.

Notably, 85% of 13th floors are found in class A+ and A buildings, such as Torre Mayor and The Summit Santa Fe, with 83% of these properties located in Mexico City. In these buildings, the main tenants are from the government, financial, and consulting sectors, occupying 24%, 12%, and 6% of the 13th floors, respectively.

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ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.

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