Oil plunge might create Mexico City office glut

Office glutBloomberg – Capital Reforma is part of a decade-long building spree that threatens to leave Mexico City with a large surplus of office space as the fall in oil prices undermines the economy. The new buildings, repaved streets and gardens have revitalized this historic financial district, bisected by Paseo de la Reforma. Now investors in the new real estate investment trusts that financed the towers face the prospect of higher vacancies and lower returns.

http://www.bloomberg.com/news/articles/2015-04-29/mexico-financial-hub-faces-office-glut-after-oil-plunges

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