WeWork boasts a 70% office occupancy rate in Mexico

WeWork in Mexico achieved an impressive occupancy rate of over 70% in 2022, which is more than double the lowest months of the pandemic, and represents a 20% increase compared to the previous year.
The demand for flexible workspaces has increased, with WeWork witnessing a doubling in foot traffic within its buildings. This indicates a preference for a balanced approach to office and remote work.

WeWork's user numbers grew 25% in 2022. Photo: SiiLA.

01/12/2023

WeWork, the renowned global provider of flexible office spaces, has revealed its outstanding accomplishments in Mexico during the past year. With an occupancy rate that surpassed 70%, more than double the lowest months of the pandemic, and a 20% increase compared to 2021, the company continues to consolidate its position in the market.

Additionally, WeWork has achieved a significant milestone by exceeding 2,500 active companies, the highest number since its arrival in Mexico in 2016, representing a 25% growth in user count. The demand for flexible workspaces has experienced substantial growth since the adoption of the hybrid work model in the post-pandemic era. WeWork has witnessed a notable surge in foot traffic within its buildings, which doubled during 2022.

This demonstrates that professionals are seeking a balance between office and remote work. In fact, over 60% of individuals working at WeWork have embraced a hybrid work model, with only 30% attending daily.

This shift in work dynamics has led WeWork to diversify its services, launching a new platform for corporate events within its facilities and establishing strategic alliances to provide professionals with tools that promote their development and growth.

We invite you to read the full article in Spanish here

Latam

Mexico

National

Office

Market Analytics

Tenants In The Market

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.