We use cookies and similar methods to offer the best experience to all visitors and to remember their preferences. Please take a moment to review our Privacy Policy. By tapping “accept”, you consent to the use of these methods.

ProductsSolutionsREsourceCompany
Contact
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

Mexico City, Among the Latin American Cities with the Most Expensive Land Prices

  • Land prices for construction in Latin America contain several differentiating elements. These include high demand, the cost of the land (due to its location), availability, and physical characteristics, which are some of the factors that influence the price per square meter.
Mexico City (in the photo) is one of the cities with the highest price per square meter in LATAMs. Photo: Leonid Andronov.
Mexico City (in the photo) is one of the cities with the highest price per square meter in LATAMs. Photo: Leonid Andronov.
04/09/2021
Land prices for construction in Latin America contain several differentiating elements. Among these, high demand, land cost (based on location), availability, and physical characteristics stand out as factors that influence the price per square meter. 

The study revealed that the cities with the highest price per square meter were Santiago, Chile ($3,278 per square meter), Montevideo ($2,857), Buenos Aires ($2,847), and Mexico City, with $2,269. 

According to analysts from the real estate platform Lamudi, the price per square meter is calculated based on specific criteria, making it challenging to establish a general average. In Latin America, the price per square meter increased by almost 2% in dollars according to the September 2020 Real Estate Survey of Latin America. 

Latam
Mexico
Mexico City
Office
Market Analytics
Market Trends

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.
Zolver

How Do Companies Expand in Mexico’s Office Market?
05/11/2026
Industrial Absorption Follows Supply, Not the Economic Cycle
05/07/2026
Insurgentes Builds Big, but Absorbs Small
05/05/2026
Mexico Opens the Door to Medical Technology, but Not to Its Own Production
04/30/2026
After the Rebound: The Office Market’s Hardest Moment Is Just Beginning
04/23/2026

Transactions

José Carlos Elizondo leads Voit, which recently added office space at Centro Corporativo del Parque in Insurgentes. Photo: SiiLA.
Voit Changes the Playing Field: Competition Moves Beyond the Point of Sale
Wu Kouyue leads Xusheng Leoch Battery, one of the companies that absorbed the most industrial space in Q1 2026. Photo: SiiLA.
Absorption Falls, Not Demand in Mexico’s Industrial Market

Nearshoring

Hichem Elloumi leads COFICAB, an automotive wiring company, and one of the auto parts firms that absorbed the most industrial space in Q12026. Photo: SiiLA.
Between Importing and Exporting: Mexico Does Not Substitute Auto Parts, It Needs Them to Export
James Li leads Honor, which absorbed space in Hofusan in 2026. Photo: SiiLA.
Hofusan and the Limits of Asia’s Industrial Model in Mexico

Trusted by Leading Publications

Exclusive Access

Join our mailing list for Real Estate News, Events, Insights & Resources.

SiiLA News on Mobile - Stay Updated Anytime, Anywhere. Read Latest Real Estate News from your phone