Explore Polanco: An Exclusive Submarket in Mexico City's Central Business District

Polanco is one of the most exclusive neighborhoods in Mexico City. Known for its high-end buildings and being part of the Central Business District of the country's capital, Polanco boasts significant commercial and corporate centers that make it a unique location in Mexico's Central region. In fact, according to data from SiiLA Market Analytics, nearly one-fifth of the office space in Mexico City is concentrated in this area. Additionally, Polanco is home to some of the city's most renowned malls and mixed-use buildings, such as Antara, Miyana, Pabellon Polanco, and Plaza Carso, encompassing over 110,000 square meters of department stores and luxury shops.

The modern history of Polanco dates to the early 20th century. Its name comes from a river named after the Spanish Jesuit priest Juan Alfonso de Polanco (16th century). According to the city government, Polanco began to develop in the 1930s. Before that, the area consisted of large estates and fields. Over time, this neighborhood transformed into a luxury residences enclave with a Californian colonial style, paving the way for the establishment of restaurants, art galleries, some of the city's leading museums (such as the Anthropology Museum, Tamayo Museum, and Siqueiros Museum), as well as offices and shopping centers.

Due to its high purchasing power, Polanco has become an important real estate submarket. Located in the Miguel Hidalgo borough and with a prime location, this region has a low availability rate of 17% for offices and 7% for retail, which are among the three lowest rates in Mexico City, even below the average of 22% and 8.4%, respectively. SiiLA's data also shows that office and retail inventories in Polanco have been growing over the past three years, even despite the pandemic, with a variation of 18% and 8% in each case. These indicators indicate that Polanco has a higher potential for demand and consumption than other areas in Mexico City, making it a solid and attractive market for new investments.

Starting this year, Polanco will continue to grow with the expansion of the Antara Fashion Hall shopping center and the completion of the Llevel Polanco, Lago 12, and Miyana Tower II offices, collectively adding over 95,000 square meters to the submarket. Below, we share a video in which Giancarlo Nicastro, CEO of SiiLA, and Alejandro Delgado, Country Manager Mexico at SiiLA, explore Polanco, providing detailed information about the real estate landscape in the region and a tour of some of its most outstanding buildings. Watch the full video!