Palermo is a barrio or neighborhood of Buenos Aires, Argentina. It is located in the north of the city, near the Rio de la Plata. With a total land area of 17.4 km2, Palermo is a rather sprawling area. It had a population of 256,927 inhabitants. It is the only barrio within the administrative division of Comuna 14. Palermo is perhaps best known as the polo capital of the world. Each year, in November, the city hosts the Argentine Polo Open, commonly known as the Palermo Open.