It's all thanks to the pandemic. As we know, remote work opened up new possibilities for many people, who discovered they could continue working from anywhere in the world, giving rise to digital nomads.

For American digital nomads, Mexico City has become their favorite destination. With a vibrant cultural scene, renowned cuisine, and rich architecture, the Mexican capital is also much cheaper than any U.S. city. Cool and low-cost. That’s why Mexicans have seen a noticeable increase in the number of Americans on their streets, especially in the trendiest neighborhoods, such as Roma or Condesa. And with the massive layoffs at U.S. tech companies, many expect the number of digital nomads from the neighboring country to grow considerably in the near future.

This has created interesting business opportunities for local businesses, such as cafes with facilities for remote work and entertainment venues, as well as an increase in short-term apartment rentals. These have increased by 44% between the first half of 2019 and the same period this year.

But it's not all good news. Along with the boom comes gentrification. Rents have gone up, and local residents are beginning to be displaced as apartment owners are choosing to list their properties on platforms like Airbnb.