Buenos Aires Office Market
|Total Inventory (MSF)||27.0|
|Average Asking Rent (Price/SF)||$29.67|
|Availability Rate (%)||7.90|
|Net Absortion (SF)||733,689|
Buenos Aires is the largest office market in Argentina, with nearly 27.0 million square feet of total stock, including 17.1 million square feet of rentable Class A space.
The first quarter of 2020 continued the trend of both low vacancy and positive net absorption. The vacancy rate increased from the previous quarter, closing at 7.90%. The average asking rent dropped slightly from the previous quarter, reaching $29.67/SF.
Political and economic uncertainty characterized 2019 and continues to have effects in the current year. The COVID-19 crisis is now added into the mix, which affects not only Argentina but the world. Despite these conditions, first-quarter 2020 showed a positive net absorption of 733,689 square feet.Download Buenos Aires Office Market Report 1Q20
Buenos Aires Industrial Market
|Total Inventory (MSF)||25.1|
|Average Asking Rent (Price/SF)||$6.90|
|Availability Rate (%)||12.2|
|Net Absortion (SF)||242,188|
Industrial and Logistics Parks
|Total Inventory (MSF)||523.4|
|Average Asking Rent (Price/SF)||$79.50|
|Availability Rate (%)||52.4|
|Net Absortion (SF)||376,736|
Buenos Aires is the largest industrial property market in Argentina, with approximately 25.1 million square feet of Class A warehouse space and more than 12,017 acres of industrial parks, representing 50.0% of the country´s market.
The stock of Class A warehouse remained essentially unchanged from the previous quarter, reaching 2.32 million square meters. The vacancy rate decreased to 12.2%, and the average rental rate decreased slightly to $6.90/SF.Download Buenos Aires Industrial Market Report 1Q20