Guadalajara, Mexico
 

Guadalajara and its Commercial Real Estate Market are unique in many respects. Did You Know...

•   Guadalajara, the capital city of the Mexican state of Jalisco and Mexico's second largest city, is one of the principal centers of culture, economy, history, industry, and religion in the country. The city was founded in 1532 and named after the Spanish city of Guadalajara. Its centuries old city plan and quality of life have not been altered despite modernization in recent decades.

•    Guadalajara is considered the most business friendly city in Latin America, and it ranks among the cities with the brightest future in the Americas due to its economic potential, foreign direct investment, and youthful population. Several projects in the city are currently under construction. Some of which include the construction of the highest skyscraper in Latin America, the sixth Guggenheim museum in the world, and the accommodations for the Pan-American Games of 2011. 

•   Guadalajara is known as the "Silicon Valley of Mexico" due to the high number of software companies operating in the city. Other key industries in the area include tourism, fashion, health, education, manufacturing, and entertainment.

•   The geographical location of the city makes it ideal for commerce and transportation. Guadalajara is well connected by highways to all of the major destinations in Mexico. In addition, the city is served by the third most active airport in the country; Guadalajara International Airport.

•    Its labor force is among the most educated and skilled in Mexico; they are well trained and a large percentage of them are fluent in English. One of the many universities in the city which educates the labor force is the University of Guadalajara, which is the second largest in Mexico and one of the largest in Latin America.

•   The commercial real estate market is experiencing expansion in all of its sectors. The majority of the demand for commercial space comes from Mexican firms, but the city has also become a major destination for many multinational firms. Prices in the office market are expected to stay stable, but demand and supply are forecasted to increase over the next twelve months. 

•   The retail market remains active and is estimated to grow even more due to rising consumer income and economic expansion. The industrial market is also positive; the city's industrial base has doubled in the last four years. Industrial land and rental rates are among the most expensive in Mexico, but companies experience a greater benefit from operating in the city.