Mexico City facing office glut after oil dives
At least 10 skyscrapers are under construction in the financial district, which will expand total office space by about 40% in the next three years
Mexico City
THE twin towers of Capital Reforma rise above Mexico City's priciest district, where monuments to independence and an Aztec emperor dot a boulevard shrouded in trees. It's also where investors made a big bet.
Three years after opening, the 27-storey glass towers across from the Mexican Stock Exchange are about half empty. A large "For Rent" sign disrupts their sleek façade.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender