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Latin America Market Reports

Latin America Office Market Report

Average Asking Rent (Price/SF)            $25.48
Vacancy Rate (%)             16.4%
Total Inventory (SF)
  224,677,195

Latin America’s economy and overall business climate faced several challenges during the first half of 2017. Some countries have adopted preventive measures to counteract external factors, while others have experienced economic turmoil resulting from internal rather than external factors. For a few countries, economic and political stability have translated into more prosperous real estate markets.

Latin America Industrial Market Report

Average Asking Rent (Price/SF)                 $6.49
Vacancy Rate (%)                13.0%
Total Inventory (SF)      450,976,938

Latin America’s economy and overall business climate faced several challenges during the first half of 2017. Some countries have adopted preventive measures to counteract external factors, while others have experienced economic turmoil resulting from internal rather than external factors. For a few countries, economic and political stability have translated into more prosperous real estate markets.

Buenos Aires Office Market

Average Asking Rent (Price/SF)              $30.23
Vacancy Rate (%)               7.15%
Net Absorption (SF)      60,818

Buenos Aires is the largest office market in Argentina, with nearly 19.5 million square feet of total stock, including 13.2 million square feet of rentable Class A space. The trend of low vacancy continued through the third quarter of 2017, although net absorption turned negative for the first time after six consecutive positive quarters. The vacancy rate increased slightly from the previous quarter, closing at 7.2%.

Buenos Aires Industrial Market

Average Asking Rent (Price/SF)                $8.00
Vacancy Rate (%)                 8.0%
Total Inventory (SF)   21.2MM

Buenos Aires is the largest industrial property market in Argentina, with approximately 1.97 million square meters of Class A warehouse space and over 4,000 acres of industrial parks, representing 50.0% of the entire country´s market. The third quarter of 2017 marked both an increase in the market’s stock of Class A warehouse space and a decrease in its vacancy rate, from 8.3% in the second quarter to 8.0%. The average rental value held stable at $8.00/SF/Year, for an increase of 1.0% year-to-date.

Mexico City Office Market Report

Average Asking Rent (Price/SF)              $25.39
Vacancy Rate (%)             13.65%
Net Absorption (SF)            119,067

Mexico’s real estate markets are apparently returning to normal now that the uncertainty created by the new administration in the United States has subsided. Companies are moving on with their plans for growth and expansion, renegotiating contracts for space currently occupied.

Mexico City Industrial Market Report

Average Asking Rent (Price/SF)                $5.04
Vacancy Rate (%)                 4.4%
Total Inventory (SF)        9MM

Latin America Office Market Report
Latin America Office Market Report
2Q17
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Latin America 2Q17 Industrial Market Report
Latin America Industrial Market Report
2Q17
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3Q17 Buenos Aires Office Market
Buenos Aires Office Market
3Q17
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3Q17 Buenos Aires Industrial Market

Buenos Aires Industrial Market
3Q17
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4Q16 Mexico Office Market
Mexico Office Market
1Q17
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1Q17 Mexico Industrial Market
Mexico Industrial Market
1Q17
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4Q17 Santiago Office Market SM Spanish
Santiago Office Market SM Spanish
4Q17
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