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Latin America Market Reports

Latin America Office Market Report

Average Asking Rent (Price/SF)            $22.45
Vacancy Rate (%)             17.5%
Total Inventory (SF)
          23.18M

The sum of the inventories of the Latin American cities reached a total of 23.18 million square meters, 260,000 sqm more than the previous quarter. Vacancy rate stood at 17.5%, edging down 40 basis points for the second quarter in a row. Quarter absorption in the region dropped in 26,000sqm and totaled 320,000 square meters. Accordingly, year-to-date absorption was 1.31 million square meters, 225,000 sqm more than 2017.

Latin America Industrial Market Report

Average Asking Rent (Price/SF)                 $5.48
Vacancy Rate (%)                10.4%
Total Inventory (SF)              38.79M

The sum of the inventories of the Latin American cities analyzed reached a total of 39.26 million square meters, 470,000 sqm more than the previous quarter. A stable construction activity reported a total of 2.35 million square meters, due to the reactivation of slowed down markets. The region’s year-to-date absorption summed 3.1 million square meters and the vacancy rate dropped to 10.4%.

Buenos Aires Office Market

Average Asking Rent (Price/SF)                $30.11
Availability Rate (%)                 6.53%
Net Absorption (SF)     188,680

Buenos Aires is the largest office market in Argentina, with nearly 24.9 million square feet of total stock, including 15.9 million square feet of rentable Class A space. The third quarter of 2019 continued the trend of both low vacancy and positive net absorption. The vacancy rate decreased compared with the previous quarter, closing at 6.53%.

Buenos Aires Industrial Market

Average Asking Rent (Price/SF)                      $7.50
Availability Rate (%)                      11.6%
Total Inventory (SF)      24,973,325 SF

Buenos Aires is the largest industrial property market in Argentina, with approximately 2.3 million square meters of Class A warehouse space and more than 11,876 acres of industrial parks, representing 50.0% of the country's market.

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
4Q18
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Latin America 2Q17 Industrial Market Report
Latin America Industrial Market Report
4Q18
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1Q18 Buenos Aires Office Market
Buenos Aires Office Market
3Q19
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2Q18 Buenos Aires Industrial MarketBuenos Aires Industrial Market
3Q19
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4Q16 Mexico Office Market
Mexico Office Market
1Q17
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1Q17 Mexico Industrial Market
Mexico Industrial Market
4Q18
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4Q17 Santiago Office Market SM Spanish
Santiago Office Market SM Spanish
4Q17
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