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SMI - GERAL Q4 2025
+3.25 % 370.88
=
INCOME RETURN
+2.22 % +
APPRECIATION RETURN
+1.03 %
USD / MXN
0.00 % 17.32
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
0.00 % 68,866.28 PTS
UDIs
0.00 % 8.84 PTS

A Painting on the Wall and the Problem with Premium Offices

  • In the premium segment, the overstandardization of office space may be evolving into a disadvantage.

Manuel Larrazabal is co-founder of Canvaslab, a company specializing in custom artwork for residential and corporate interiors. Photo: SiiLA.
Manuel Larrazabal is co-founder of Canvaslab, a company specializing in custom artwork for residential and corporate interiors. Photo: SiiLA.
By: SiiLA News
05/29/2026

In the corporate market, the most expensive offices are usually perfectly designed. Lighting, acoustics, temperature, and even the route between the elevator and the workstation are carefully calculated. But there is one variable whose impact still appears underestimated: what—and who decides what—hangs on the walls.

The detail may seem minor. It is not.

A study by the University of Exeter found that employees who could visually intervene in their workspace were up to 30% more productive than those working in functional offices without decoration. They even performed about 15% better than employees working in professionally decorated offices.

The finding has direct implications for a market where competition for premium office space has intensified. According to SiiLA data, nearly 70% of corporate absorption recorded between 2019 and 2026 in Mexico City, Monterrey, and Guadalajara occurred in Class A+ offices, the market’s most expensive and competitive segment. That pressure to attract and retain tenants has fueled a corporate interior design industry that, according to the Mexican Association of Corporate Interior Design, represented more than $700 million in projects under construction between 2024 and 2025.

Within those budgets, the type of flooring, the quality of the glass, and the climate control system are defined with precision. Art, meanwhile, is usually left to the end of the project—or delegated to the furniture supplier. The result is predictable: lobbies with Kandinsky reproductions, hallways with stock photographs of cities no one recognizes, and conference rooms with harmless abstract pieces that say nothing about either the company or the people working inside it. In other words, managed art, not inhabited art.

That helps explain why visually sophisticated offices can still feel impersonal, and why a niche for corporate art curation is beginning to emerge in Mexico, albeit still incipient, understood not as decoration but as a way of connecting people with the spaces they inhabit. That can translate into participatory artwork selection, integration of local artists, and decisions that no longer pass exclusively through facilities or design teams.

The discussion seems minor until the broader context comes into view. In an economy where labor productivity is advancing slowly, where companies continue spending millions to bring employees back to the office, and where more and more buildings offer similar amenities, certifications, and finishes, differentiation is beginning to shift toward something much harder to standardize: a space’s ability to generate a sense of belonging.

This reveals a limit in the logic that shaped many corporate offices over the past decade.

Open offices, coworking, and much of contemporary workplace design were built on the idea that spatial efficiency increases as space becomes more uniform. But productivity appears to depend less and less on that homogeneity and more on the environment’s ability to adapt to the people using it. That could begin shifting corporate value toward spaces that are less rigidly finished and better able to absorb constant change without losing functionality during each reconfiguration. Because if organizations change faster than buildings, then part of future obsolescence may come not from the asset itself, but from its inability to adapt without destroying value every time occupancy changes.

For more information on commercial real estate market trends and performance, visit SiiLA Market Analytics or contact us at contacto@siila.com.mx.

 

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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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Transactions


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