How Do Companies Expand in Mexico’s Office Market?

Companies already operate across multiple cities, but their offices still do not move as a single network.

Mónica Aspe Bernal leads AT&T Mexico, one of the firms with the largest office expansion in Q1 2026. Photo: SiiLA.

By: SiiLA News

05/11/2026

Over the past year, companies in Mexico did not manage their offices as a single system; they managed them city by city. Between the first quarter of 2025 and 2026, according to SiiLA, eight out of ten companies did not change their office footprint; the rest expanded, downsized, or entered new markets. But those movements shared one characteristic: they rarely crossed markets.

The data shows that the country's main corporate hubs do not move the same way. In Mexico City, most companies change little, and growth depends more on replacing occupants than incorporating new ones. Guadalajara and Monterrey exhibit different dynamics. There, movement still depends on adding companies rather than just replacing them.

Mexico City: A Capital in Motion?

In the country's corporate center, 81% of more than 3,600 office occupiers kept their space unchanged between the first quarter of 2025 and 2026. During that period, the arrival of new firms barely offset the departures of existing firms, with a ratio close to one-to-one. The result is a market where companies continue to compete and move, but where the corporate universe reorganizes faster than it expands.

And when companies did move, they almost always did so without leaving the city. Only 1.2% of the firms entering the capital already had a presence in other markets, while just 11.1% of those expanding operated outside Mexico City. In other words, growing in the capital rarely formed part of a simultaneous expansion across other cities.

Reductions followed the same logic. Although some of the companies that optimized space (13.8%) had a presence in other markets, almost none (1%) adjusted space outside the capital at the same time. This suggests companies rarely use other markets to offset adjustments in the capital.

Operating across multiple cities does not necessarily imply synchronized corporate decisions.

Monterrey: Growing Outside Does Not Mean Moving Together

In the industrial capital of northern Mexico, 88% of nearly 1,000 companies kept their office footprint unchanged between the first quarter of 2025 and 2026. Unlike Mexico City, however, entries far outpaced exits, with nearly four companies entering for every one that gave up space. As a result, local growth still relies on adding new occupants.

Some of those new players already operated outside Monterrey. Among firms entering the city, 10.8% already had a presence in another market, while 21.9% of companies that expanded also operated elsewhere. That suggests Monterrey is beginning to show a more connected corporate fabric across cities, although that multi-city presence does not necessarily translate into a coordinated occupancy strategy.

The lack of synchronization appears in both expansions and reductions. Several of the companies that grew in Monterrey operated in other markets, but almost none (3.1%) expanded space outside the city at the same time. Downsizing followed a similar pattern: 31.2% of firms that reduced space had a presence in another market, but only 12.5% adjusted space outside Monterrey.

Guadalajara: Where a Regional Logic Begins to Emerge

In Guadalajara, 86% of more than 800 companies kept their office footprint unchanged between the first quarter of 2025 and 2026. Even so, entries doubled exits, indicating that—as in Monterrey—local growth still depends on incorporating new occupants rather than simply replacing existing companies.

Unlike the country's capital and even more so than Monterrey, Guadalajara is the market where a multi-market logic is becoming more visible. Among companies entering the city, 7.6% already operated in other markets, while 40.9% of firms that expanded had a presence outside the city.

That presence across several markets, however, rarely translated into simultaneous adjustments. Although many of the companies that expanded in Guadalajara operated outside the city, only 4.6% also increased space in another market. Reductions showed a similar pattern: 28.6% of firms that cut space had a presence in other markets, but only 10.7% adjusted space outside Guadalajara. This suggests that companies' geographic expansion is advancing faster than the integration of their corporate operations.

Taken together, the three markets show that companies can already operate across multiple cities without turning the country into a single corporate market, since offices in Mexico still respond primarily to local dynamics, even among firms with a multi-market presence. As a result, an expansion in Monterrey does not necessarily anticipate a similar move in Guadalajara or Mexico City. At the same time, a reduction in the capital does not imply coordinated adjustments across the rest of the country.

To follow corporate movements and office occupancy dynamics across Mexico's main office markets, visit SiiLA Market Analytics or contact us at contacto@siila.com.mx.

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