Mexico City ($30/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.
Mexico City ($30/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.
| Metric | Mexico City | Miami |
|---|---|---|
| Region | Americas | Americas |
| Country | Mexico | United States |
| Class A rent (USD/sqft/yr) | $30 | $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% |
| 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. |
| 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. |
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.
Mexico City is the cheaper Class A market on a USD basis.
Talent indices are tied at 78/100.
Miami has the lower headline corporate tax (21% vs 30%). Local incentives can change the effective rate materially.
Mexico City typical term is 5 years with 6 months free; Miami runs 7 years with 9 months free.
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.
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.
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.