Insight feature

Workforce rental housing for Mexico City

Mexico City's formal workforce is housed further from its jobs every year. Purpose-built institutional rental, priced for households earning MX$40–80k per month, is the most scalable answer.

The problem

Households earning MX$40–80k per month are too formal for subsidised housing and priced out of the new-build for-sale market near employment centres. The result is two to three hours of daily commuting from the metro's periphery. Professionally managed, purpose-built rental supply at this income level remains scarce.

Our definition

Workforce rental for us means rents these households can sustain, studios through two-bedroom units, professionally managed, with the amenity base residents actually use: laundry, coworking, secure access, parcel handling.

Site selection

Under 40 minutes door-to-door to a major employment node, with grocery, retail and mass transit within two kilometres. We underwrite commute time as a demand variable, not a marketing claim.

Our cost basis advantage

Repeatable unit design, in-house development management and a vertically integrated platform let us hold total development cost per unit below competing new supply, which is what makes workforce rents viable at institutional returns.

Pipeline

In the Mexico City metro, CCLA operates four buildings with 1,683 units (Nomad Bucareli, Toreo, Jardín Reforma and Interlomas) and is developing Nomad Roma Norte, 428 units with delivery targeted for 2028. We previously acquired, repositioned and sold a 1,188-unit Mexico City portfolio as part of the 2023 exit.

Investor Relations

Talk to our Investor Relations team.

Funds, joint ventures and separate accounts across Mexico, Colombia, Peru and Chile.