Reforma, Santa Fe and Polanco: the submarkets with the most office construction in CDMX
Solili | February 22, 2024 |

Mexico is among the three main destinations in Latin America that are most attractive for foreign capital investment, and according to data from the Government of Mexico, historically the entities that have received the most foreign direct investment have been the State of Mexico, Mexico City and New Lion.

Mexico City is the office market that to date has the highest volume of buildings under construction nationwide, with projects that continue to make adjustments and modifications by developers. Projects under construction register a total of 737 thousand square meters, this represents 54% of the country's total construction for the first month of 2024.

Of interest: Demand for offices in Guadalajara has grown for four years in a row

Although it is true that the construction of office buildings continues to be robust in the capital market, developers have remained cautious and waiting for the market's behavior to trigger new projects.

The Reforma submarket is currently the one that concentrates the largest number of constructions with a total of 304 thousand square meters distributed in 7 large projects that account for 41% of the total construction, whose panorama and skyscrapers position it as one of the most iconic in the city. Mexico City

Check here: New investments will continue to expand the Mérida office market

In second place is the Insurgentes corporate submarket with 161 thousand square meters of offices under construction concentrated in 10 projects.

Polanco has been one of the most dynamic office submarkets in recent years and currently reports 78 thousand square meters in four buildings under construction with high-volume formats that are supported by institutional developers.

It is observed that the rest of the submarkets remain in motion, however, with a lower volume of projects in development; In general, an active and promising market is shown with surfaces available for leasing, and both the design and planning reviews influenced the delay of some works, however they are already reporting a reactivation and acceleration in the construction phase.

Stay up to date with the most important news to the real estate

Subscribe Solili Newsletter