Average rental price in CDMX forecast to surpass US $1,100 this year

The mean flat rental terms successful Mexico City is projected to emergence to 21,000 pesos (US $1,134) per period by the extremity of 2025, an summation of betwixt 12 and 15% implicit 2024, the rental level Mercado Libre Inmuebles announced connected Tuesday. 

The terms summation stems from a scope of factors, including accrued request for premier locations and the penchant of renting alternatively than taking connected a owe successful the look of rising inflation, explained the platform’s elder manager for Mexico, Venezuela and Colombia, Juan Céspedes.

“The summation isn’t conscionable an accommodation for inflation; it’s a nonstop effect of radical being consenting to wage much to beryllium adjacent to work, prioritizing mobility and a cardinal location,” Céspedes told the paper El Economista successful an interview.   

Rental prices for apartments successful Mexico City scope from 2,700 pesos ($145) to implicit 125,000 pesos ($6,750) a month, said Céspedes. The level expects rental prices successful the metropolis to proceed expanding successful 2026, by betwixt 8 to 10%.

“Construction is much expensive, and owners of caller properties set rents upward to marque their concern profitable,” Céspedes explained.

Céspedes besides highlighted a displacement successful the size of mean apartments successful the capital, which scope from 60 to 85 quadrate meters. 

“Value is nary longer conscionable astir the quadrate footage of the surviving space, but astir the surviving experience. People similar a small, businesslike flat that allows them to unrecorded adjacent to enactment and person entree to services,” said Céspedes.

“Fuera gringo!” is the conflict outcry of a tiny but increasing anti-gentrification question successful Mexico City. (Daniel Augusto/Cuartoscuro)

Many of the city’s semipermanent residents person been deed hard by rental terms increases successful caller years, which is reflected successful caller protests against gentrification.

Around 200 radical precocious participated successful an anti-gentrification march successful Mexico City, the 3rd specified protestation successful the superior successful July. Many expressed their “rejection of the improvement of societal displacement and the summation successful the outgo of lodging successful antithetic areas of the city,” according to a authorities report. 

An anti-gentrification radical with astir 15,000 followers connected its Instagram leafage held another protest, called the “Anti-Gentrification Grito,” connected Sept. 14, the time earlier Mexico’s yearly “Grito” of Independence. 

The emergence successful popularity — and terms — of definite locations, specified arsenic Roma, Condesa and Juárez, has pushed galore residents to question accommodation successful emerging neighborhoods.

“Higher prices successful premier areas person generated an influx of caller corridors and antecedently underrated neighborhoods, specified arsenic Azcapotzalco oregon the well-connected eastbound and confederate areas,” explained Céspedes. 

With reports from El Economista