# Mexico City Class A Office Market

> 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.

**Canonical URL:** https://classa.info/cities/mexico-city
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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.

## Key facts
- **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

## FAQ
### What is the nearshoring context?
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.

### What is the typical lease currency?
International tenant leases on trophy stock are predominantly USD-pegged. Domestic tenants typically lease in pesos with annual escalation.

### What is the Reforma trophy premium?
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.

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Citation: Source: Class A Atlas (https://classa.info/cities/mexico-city), updated 2026-04-15T00:00:00.000Z.