--- title: "Mexico City vs Miami: Class A office comparison" description: "Side-by-side Class A office comparison for Mexico City and Miami — rent, vacancy, talent, tax, lease norms, transit, and top submarkets." canonical: https://classa.info/compare/mexico-city-vs-miami pageType: comparison lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Mexico City ($34/sqft, 22.6% vacancy) and Miami ($78/sqft, 11.8% vacancy) compete on different axes: Mexico City on talent depth and Miami on talent depth. ## TL;DR - Class A rent: Mexico City $34/sqft vs Miami $78/sqft. - Vacancy: Mexico City 22.6% vs Miami 11.8%. - Talent index: Mexico City 78 vs Miami 78. - Corporate tax: Mexico City 30% vs Miami 21%. - Premium flex/seat/month: Mexico City $380 vs Miami $920. # Mexico City vs Miami: Class A office comparison **Mexico City ($34/sqft, 22.6% vacancy) and Miami ($78/sqft, 11.8% vacancy) compete on different axes: Mexico City on talent depth and Miami on talent depth.** ## TL;DR - [Class A](/glossary/class-a) rent: Mexico City $34/sqft vs Miami $78/sqft. - Vacancy: Mexico City 22.6% vs Miami 11.8%. - Talent index: Mexico City 78 vs Miami 78. - Corporate tax: Mexico City 30% vs Miami 21%. - [Premium flex](/topics/lease-vs-flex)/seat/month: Mexico City $380 vs Miami $920. ## Market data side-by-side | Metric | Mexico City | Miami| | Region | Americas | Americas| | Country | Mexico | United States| | Class A rent (USD/sqft/yr) | $34 | $78| | Class A rent (local) | 580 MXN | 78 USD| | Vacancy | 22.6% | 11.8%| | Trend | flat | rising| | Prime yield | 7.4% | 5.4%| | Premium flex / seat / month (USD) | $380 | $920| | Submarkets covered | 5 | 5| | Corporate tax | 30% | 21%| ## Lease norms | Metric | Mexico City | Miami| | Typical term | 5 yrs | 7 yrs| | Typical rent-free | 6 mos | 9 mos| | Lease norms | Net leases. 5-7 year terms with renewal options. Free rent of 4-9 months and TI of MXN 1,200-2,200/sqm typical. Most trophy leases are USD-pegged for international tenants. | Modified-gross structures dominate; 7-10 year terms are common. Free rent of 6-12 months and TI of $80-$140/sqft typical on a 10-year deal. Personal guarantees common for sub-investment-grade tenants.| | Tax note | 30% Mexican corporate income tax (ISR). 16% VAT (IVA). IMMEX (maquiladora) program offers temporary import duty deferrals for export-oriented manufacturing tenants. | 21% federal corporate income tax; no Florida state corporate income tax for most pass-through structures. Florida assesses a 5.5% corporate income tax on C-corps. No personal income tax.| ## Talent | Metric | Mexico City | Miami| | Talent index (0–100) | 78 | 78| | Talent note | Deep banking, professional services, and engineering talent. Strong feed from UNAM, IPN, ITAM, Tec de Monterrey. Spanish-English bilingual professional base growing rapidly. | Strong bilingual (Spanish-English) finance and legal talent. Deep Latin American banking, asset management, and family-office concentrations. Tech talent is shallower than NY/SF but growing rapidly.| ## Transit & commute **Mexico City:** Mexico City Metro (12 lines, the second-largest in the Americas), Metrobús BRT (7 lines), Tren Suburbano. Mexico City International Airport (MEX) connected via Line 4 BRT; new Felipe Ángeles International (NLU) bus-served. **Miami:** Metromover (free downtown), Metrorail to Brickell and Government Center, Brightline regional rail, MIA Mover from Miami International Airport. Brickell and Downtown are walkable; Wynwood and Coral Gables remain car-dependent. ## Top submarkets — Mexico City - [**Paseo de la Reforma**](/cities/mexico-city/paseo-de-la-reforma) — [trophy tier](/topics/trophy-asset-selection) · MX$700/sqm/mo · ≈ $40.6 PSF/yr USD - [**Polanco**](/cities/mexico-city/polanco) — trophy tier · MX$680/sqm/mo · ≈ $39.4 PSF/yr USD - [**Santa Fe**](/cities/mexico-city/santa-fe) — trophy tier · MX$560/sqm/mo · ≈ $32.5 PSF/yr USD ## Top submarkets — Miami - [**Brickell**](/cities/miami/brickell) — trophy tier · $105/sqft/yr - [**Wynwood & Design District**](/cities/miami/wynwood-design-district) — prime tier · $75/sqft/yr - [**Downtown**](/cities/miami/downtown) — prime tier · $72/sqft/yr ## Decision criteria ### Pick by cost Mexico City is the cheaper Class A market on a USD basis. ### Pick by talent depth Talent data not available for comparison. ### Pick by tax Miami has the lower headline corporate tax (21% vs 30%). Local incentives can change the effective rate materially. ### Pick by lease optionality Mexico City typical term is 5 years with 6 months free; Miami runs 7 years with 9 months free. ### Pick by transit Mexico City: Mexico City Metro (12 lines, the second-largest in the Americas), Metrobús BRT (7 lines), Tren Suburbano. Mexico City International Airport (MEX) connected via Line 4 BRT; new Felipe Ángeles International (NLU) bus-served. Miami: Metromover (free downtown), Metrorail to Brickell and Government Center, Brightline regional rail, MIA Mover from Miami International Airport. Brickell and Downtown are walkable; Wynwood and Coral Gables remain car-dependent. ## Run a 4-city comparison Score Mexico City, Miami and up to two more markets side-by-side on Class A rent, vacancy, talent, corporate tax, and premium flex pricing — all in USD. [**Run a 4-city comparison →**](/tools/city-comparator) ## Frequently asked questions ****Is Class A office cheaper in Mexico City or Miami?**** : Mexico City is cheaper on a USD basis: $34/sqft vs $78/sqft. ****Which has better talent depth, Mexico City or Miami?**** : Roughly comparable. ****Which has more sublease availability, Mexico City or Miami?**** : Mexico City carries higher vacancy (22.6% vs 11.8%) and therefore typically more [sublease](/topics/sublease-strategy)">sublease overhang. ****What lease term should I expect in Mexico City vs Miami?**** : Mexico City typical term is 5 years with 6 months rent-free; Miami typical term is 7 years with 9 months rent-free. ****How does transit and commuter access compare?**** : Mexico City: Mexico City Metro (12 lines, the second-largest in the Americas), Metrobús BRT (7 lines), Tren Suburbano. Mexico City International Airport (MEX) connected via Line 4 BRT; new Felipe Ángeles International (NLU) bus-served. Miami: Metromover (free downtown), Metrorail to Brickell and Government Center, Brightline regional rail, MIA Mover from Miami International Airport. Brickell and Downtown are walkable; Wynwood and Coral Gables remain car-dependent. ## Editorial provenance Reviewed by [**Miriam Hollander**](/about/authors/miriam-hollander) — Lead market analyst. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) --- Citation: Source: Class A Atlas (https://classa.info/compare/mexico-city-vs-miami), updated 2026-04-15T00:00:00.000Z.