Mexico City’s CBD: Thriving Region Dominated by High-End Offices
- Mexico City's central business district (CBD) has high demand and prices for office spaces, representing 40% of the city's total inventory.
- Some offices in the CBD exceed average rental prices. In fact, the 36 most expensive offices in the CBD of Mexico City generate nearly $13 million annually.
The central business district (CBD) of Mexico City encompasses the submarkets of Reforma, Polanco, and Lomas Palmas, which are recognized as commercial hubs. According to SiiLA Market Analytics, this area represents nearly 40% of the total inventory of Class A+, A, and B office spaces in the city. The CBD is the economic heart of Mexico City and, as such, experiences high saturation and demand for predominantly high-end buildings, leading to higher prices compared to the rest of the city. In fact, SiiLA data indicates that the average price per square meter is 14% higher in the CBD.
However, within the CBD, some offices exceed the average rental price in the area, with values surpassing $26 per square meter. These spaces primarily belong to Class A+ and A categories, ranging from 750 to 2,000 square meters, with an average monthly price of $28 per square meter. This price is 21% higher than the average rent in the capital city. To put the economic impact generated by these properties into context, it is worth mentioning that the 36 most expensive offices in the CBD generate nearly $13 million annually. Among these are some located in the Torre Virreyes (El Dorito) and Torre Reforma, which have LEED Platinum environmental certification, and Plaza Carso Palmas, to name a few examples.
Furthermore, information from Market Analytics indicates that higher-quality properties tend to command higher prices in Mexico City's CBD. For instance, while the average market price for Class A+ offices tends to be $28 per square meter, Class A and B offices tend to be priced at $26 and $21 per square meter, respectively.
In general, properties of higher quality often offer superior features in terms of location, design, infrastructure, amenities, and services. These properties typically meet the highest construction, technology, energy efficiency, and security standards. Moreover, they are usually strategically located, making them more attractive to companies and investors seeking easy access and communication in areas with high commercial performance.
If you are looking to buy or rent offices in the economic heart of Mexico City or any other region nationwide, SiiLA SPOT is the tool you need. With its extensive and comprehensive database of commercial properties, you can find what you're looking for. To obtain further information, visit SiiLA SPOT or email us at spot@siila.com.mx.
