Mexican gross structure (rent inclusive of management fees).

  • Typical lease length: 5 years.
  • Typical rent-free: 6 months.
  • Vacancy: 13.4%; trend rising.
  • Mexican gross structure (rent inclusive of management fees).

Monterrey office lease norms

Mexican gross structure (rent inclusive of management fees).

TL;DR

  • Typical lease length: 5 years.
  • Typical rent-free: 6 months.
  • Vacancy: 13.4%; trend rising.
  • Mexican gross structure (rent inclusive of management fees).

Structure

Mexican gross structure (rent inclusive of management fees). 5-7 year terms standard. Rents typically quoted in USD/sqm/month with MXN payment. Rent-free of 4-8 months on 5-year terms plus USD 50-150/sqm TI typical.

Negotiating levers

Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).

Key facts

cityMonterrey
countryMexico
regionAmericas
classARentLocalMX$280/sqm/mo · ≈ $16.2 PSF/yr USD
classARentUsd$16/sqft/yr
vacancy13.4%
typicalLeaseYears5
typicalRentFreeMonths6
submarkets5
primeYieldPct7%

Frequently asked questions

What's a typical lease term in Monterrey?
5 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Monterrey?
In MXN/sqft/year. We also publish a USD-normalised view ($16/sqft/yr) for cross-market comparison.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

Full sources index · Submit a correction

Related topics