{
  "url": "https://classa.info/cities/mexico-city",
  "title": "Mexico City Class A Office Market",
  "description": "Latin America's largest economy capital with deep nearshoring and BPO tenancy.",
  "oneSentenceAnswer": "Mexico City Class A office rents around MX$580/sqm/mo · ≈ $33.6 PSF/yr USD, with 22.6% vacancy and 6 months of typical rent-free on a 5-year term.",
  "tldr": [
    "Trophy product on Reforma trades at MXN 580-720/sqm/month.",
    "Headline vacancy elevated from 2018-2022 supply delivery.",
    "Nearshoring (USMCA-aligned manufacturing services) drives growing demand.",
    "30% corporate tax and IMMEX maquiladora regime structure tenant decisions."
  ],
  "keyFacts": {
    "city": "Mexico City",
    "country": "Mexico",
    "region": "Americas",
    "classARentLocal": "MX$580/sqm/mo · ≈ $33.6 PSF/yr USD",
    "classARentUsd": "$33.623500775741135/sqft/yr",
    "vacancyPct": "22.6%",
    "typicalLeaseYears": 5,
    "typicalRentFreeMonths": 6,
    "submarkets": 5,
    "corporateTaxPct": "30%",
    "talentIndex": 78
  },
  "faqs": [
    {
      "question": "What is the nearshoring context?",
      "answer": "Material. USMCA-aligned manufacturing relocation from Asia to Mexico has structurally accelerated since 2020 — driving deep IMMEX manufacturing demand and growing back-office and engineering services demand in Mexico City."
    },
    {
      "question": "What is the typical lease currency?",
      "answer": "International tenant leases on trophy stock are predominantly USD-pegged. Domestic tenants typically lease in pesos with annual escalation."
    },
    {
      "question": "What is the Reforma trophy premium?",
      "answer": "Trophy stock on Paseo de la Reforma commands a structural 20-30% premium over Polanco and Santa Fe Class A — driven by Metro access, embassy adjacency, and historic centrality."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/mexico-city), updated 2026-04-15T00:00:00.000Z."
}