Buenos Aires Office Market
| Total Inventory (MSF) | 27.0 |
| Average FS Asking Rent (Price/SF) | $29.44 |
| Availability Rate (%) | 9.18 |
| Net Absortion (SF) | -167,056 |
The second quarter of 2020 shows an increase in vacancy and negative net absorption after four consecutive quarters of positive net absorption. The vacancy rate for second-quarter 2020 closed at 9.18% of the available stock, and net absorption was negative 167,056 square feet. The average rental value decreased slightly compared to first-quarter 2020, averaging US $29.44/SF.
No relevant incorporations occurred in the Class A market during second-quarter 2020, and no additions to the stock are expected until activity resumes.
Download Buenos Aires Office Market Report 2Q20Buenos Aires Industrial Market
Premium Warehouses
| Total Inventory (MSF) | 25.1 |
| Average FS Asking Rent (Price/SF) | $6.90 |
| Availability Rate (%) | 14.2 |
| Net Absortion (SF) | 511,285 |
Industrial and Logistics Parks
| Total Inventory (MSF) | 523.4 |
| Average FS Asking Rent (Price/SF) | $79.50 |
| Availability Rate (%) | 52.4 |
| Net Absortion (SF) | - |
Due to the restrictions imposed by the Covid-19 pandemic, the stock of Class A warehouse remained essentially unchanged from the previous quarter, reaching 2.32 million square meters. The vacancy rate increased to 14.2%, and the average rental rate remained stable at $6.90/SF.
Download Buenos Aires Industrial Market Report 2Q20