Global-City-Formation, Immobilienwirtschaft und Transnationalisierung

Abstract

Global-City-formation and the making of a new “corporate geography“: The case of Mexico City. The paper argues that global-city-formation is a key driving force in the transformation of urban landscapes and in the globalization of real estate markets. Taking Mexico City as a case study it is shown that the growing presence of a) foreign companies and b) advanced producer sector firms increases demand for office space, in particular in the high end spectrum of the market. This demand is met by the production of a new CBD in western parts of the city. Mexico City’s corporate geography is, thus, characterized by two CBD, with the new one housing the majority of firms that entered the Mexican market in the last 15 years. The paper also argues that the new corporate geography is marked by processes of de- and transnationalization, becoming thus step by step detached from the urban fabric.