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SMI - GERAL Q4 2025
+3.25 % 370.88
=
INCOME RETURN
+2.22 % +
APPRECIATION RETURN
+1.03 %
USD / MXN
0.00 % 17.35
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
-1.78 % 67,976.50 PTS
UDIs
0.00 % 8.84 PTS

Faria Lima vs. Polanco: Parallels and Contrasts of Two Latin American Business Powerhouses

  • Polanco in Mexico and Faria Lima in Brazil are pivotal business hubs driving their respective countries' economies. 
  • These regions are known for their extensive office space development. They strongly demand properties in densely populated areas where significant financial, insurance, real estate, and legal corporations hold substantial presence.

Polanco is a region with a significant presence of FIRE tenants. Photo: Canva.
Polanco is a region with a significant presence of FIRE tenants. Photo: Canva.
By: SiiLA News
11/21/2023

The most important economic hubs in major cities, also known as Central Business Districts (CBDs), including Lower Manhattan in New York, Lujiazui in Shanghai, and West End in London, play a crucial role in developing their respective countries' economic ecosystems. In Latin America, it's no different. Regions like Faria Lima in São Paulo, Brazil, and Polanco in Mexico City, Mexico, are significant commercial and corporate areas.

Polanco, one of Mexico's most affluent areas, stands out not only for its corporate presence but also for its distinguished businesses and Hispano-American neo-colonial architecture. On the other hand, Faria Lima, developed around its namesake avenue, serves as Brazil's corporate backbone, hosting important offices and even the country's first mall, Shopping Iguatemi, established in 1966.

Polanco and Faria Lima have a significant presence of Finance, Insurance, Real Estate, and Legal (FIRE) tenants. In Polanco, this group of companies occupies over 30% of office space, while in Brazil, their presence is even more substantial, accounting for just over 47%, according to data from SiiLA Market Analytics.

Despite their similarities, the office sectors in these regions differ in size and occupancy. Faria Lima has a vacancy rate of 6.2%, while in Polanco, it is 17.3%. Furthermore, Polanco's office sector is larger than that of Faria Lima. The former boasts a Gross Leasable Area (GLA) of nearly 1.5 million square meters of Class A+, A, and B properties, while the latter covers about 762,000 square meters.

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Mexico
Mexico City
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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.

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Transactions


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