In December 2023, the monthly rent for a one-bedroom apartment in the city center of Mexico City amounted to ****** U.S. dollars, whereas a three-bedroom apartment averaged ******* U.S. dollars. Meanwhile, Mexico City is the most expensive place to buy residential property in Mexico.

Depending on the location, the average price for a two-bedroom apartment in Mexico City could exceed ******* U.S. dollars in 2024. In Miguel Hidalgo, the most expensive borough to buy an apartment in Mexico City, the average apartment price was nearly ******* U.S. dollars for a two-bedroom apartment, while a three-bedroom apartment cost over ******* U.S. dollars. Among the boroughs ranked in the statistic, Coyoacán had the most affordable prices for a one-bedroom apartment, averaging ******* U.S. dollars. Overall, Mexico City has the highest average house price per square meter in Mexico.

After Mexico City, Guadalajara was the most expensive city in Mexico to rent an apartment in 2024. As of the first quarter of the year, the average monthly rent for a two-bedroom apartment in Guadalajara amounted to ***** U.S. dollars. Rents in the different boroughs in Mexico ranged widely. Miguel Hidalgo, the most expensive borough, had an average monthly rent of almost ***** U.S. dollars.

The rental cost for office real estate in Mexico City has decreased in recent years and in 2022 stood at less than ** U.S. dollars per square meter per month. The highest rents were achieved in 2015 at ** U.S. dollars per square meter.

The average monthly rent for a square meter of office real estate was highest in Lomas Palmas among other submarkets in Mexico City in the first quarter of 2023. The asking rent was ** U.S. dollars per square meter per month for real estate in Lomas Palmas compared to ***** U.S. dollars in Norte which had the highest net absorption, but also the highest vacancy rate in Mexico City.

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The gross rental yield of apartments in Mexico varied from **** to **** percent in 2024, depending on the city. Acapulco had the lowest yield at about **** percent, while Puebla fetched the highest at close to **** percent. Within Mexico City, the area with the lowest yields for a 2-bedroom apartment was Tlalpan.

Panama City, Mexico City, and Guadalajara had the highest average apartment rents in 2022 among the selected Latin American cities. To rent an apartment in a mid-income area in Panama City, renters would have to earn at least ***** U.S. dollars per month, assuming that rent comprises not more than ** percent of the monthly income. Córdoba, Argentina, was the most affordable city, with ideal income needed to rent an apartment amounting to *** U.S. dollars.

The average asking rent for office real estate in the 11 Latin American markets ranked ranged between **** and **** U.S. dollars per square foot in the second half of 2024. In Mexico City, the average rent was **** U.S. dollars per square foot.

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Super regional malls in Mexico City had the highest rental rate in Mexico in the fourth quarter of 2022. A square meter in a super regional mall cost on average *** Mexican pesos in that quarter, *** Mexican pesos higher than the average for the area. In Monterrey, regional malls were the retail real estate type where renting retail space was most expensive.

Greater Mexico City, Tijuana, and Guadalajara had the highest annual rent per square foot of industrial real estate among select cities in Mexico in 2024. In the second half of the year, the annual rent for a square foot of industrial space in Monterrey, the second-largest market in the country, stood at **** U.S. dollars per square foot.

The average asking rent for a square meter of industrial real estate varied among Latin American cities. Mexico City, was the most expensive city in the second half of 2024, with a monthly asking rate of ***** U.S. dollars per square meter. Additionally, Mexico City was one of the LATAM markets with the lowest vacancy rate.

Annual prime office rents reached 129.39 U.S. dollars per square foot, on average, in Manhattan, New York in the second quarter of 2021. In the same period, prime office rent averaged 31.97 U.S. dollars per square foot per year in Mexico City, Mexico.