The financial heart of CDMX: Reforma, Polanco, and Lomas Palmas

Mexico City's central business district (CBD) comprises the submarkets of Reforma, Polanco, and Lomas Palmas. According to SiiLA Market Analytics, this area accounts for almost 40% of the Class A+, A, and B office inventory in the country's capital, making it a crucial hub for business. Prominent companies such as BBVA, WeWork, Telcel, and several government institutions have set up shop here, occupying nearly one-sixth of the total office space.

A city's CBD is the core of its economy, hosting the highest concentration of financial, banking, and commercial institutions and companies. Its significance lies in its capacity to attract investment and generate employment. The Reforma, Polanco, and Lomas Palmas submarkets cover a substantial portion of the Cuauhtémoc and Miguel Hidalgo boroughs.

According to the Capital City Government's Electronic System for Notices and Permits for Commercial Establishments (SIAPEM), these two boroughs generated four out of ten jobs in the city, and one-third of the establishments opened in the country's capital in 2022. CBDs usually have a high saturation of buildings and a higher price per square meter, with a diversification of specialized services, such as transportation routes and nearby commercial and entertainment centers, close to corporate and office spaces.

Reforma and Polanco are well-connected areas with various transportation services such as the Metro and Metrobus, large roads surrounding or intersecting them, including the Inner Circuit and the Ejército Nacional and Insurgentes avenues. In contrast, Lomas Palmas, although having less diversity in transportation than Reforma and Polanco, is bordered by the North Urban Highway and crossed by Paseo de la Reforma, one of the most iconic avenues in Mexico City.

Regarding office occupancy, the CBD is dominated by five productive sectors, occupying almost half of the total area in the district. According to SiiLA, finance companies occupy nearly one-fifth (18%) of the existing square meters of offices in the CBD.

Administration and public service institutions occupy just over 9%, followed by coworking businesses (8%), telecommunications (6%), and services (5%).

If you're interested in exploring Mexico City's central business district, its streets, and all it has to offer, you now know more about it. For further information and insights into Mexico's commercial real estate market, visit SiiLA or contact them at contacto@siila.com.mx.