The neighborhood is also populated with expensive offices, restaurants, museums, luxurious stores and shopping malls; some embassies are also located in Polanco, including the embassy of Canada. Its Avenida Presidente Masaryk is the highest-priced street and the one with the most upscale boutiques in Latin America. It is compared by some to Beverly Hills’ Rodeo Drive or New York City’s Fifth Avenue
The area is located in the Miguel Hidalgo borough of Mexico City, situated north of Chapultepec Park and consisting of five official neighborhoods (“colonias”).