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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

Published Wed, Apr 29, 2015 · 09:50 PM
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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.

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