Buenos Aires Office Market
Total Inventory (MSF) | 27.0 |
Average Asking Rent (Price/SF) | $29.03 |
Availability Rate (%) | 11.01 |
Net Absortion (SF) | -322,530 |
The third quarter of 2020 shows an increase in vacancy and negative net absorption. The vacancy rate for third-quarter 2020 closed at 11.01% of the available stock, and net absorption was negative 322,530 square feet. The average rental value decreased slightly compared to second-quarter 2020, averaging US $29.03/SF.
No relevant incorporations occurred in the Class A market during third-quarter 2020. The return to activity is still very recent and gradual, resulting in a significant delay for the buildings under construction.
Download Buenos Aires Office Market Report 3Q20Buenos Aires Industrial Market
Premium Warehouses
Total Inventory (MSF) | 25.1 |
Average Asking Rent (Price/SF) | $6.60 |
Availability Rate (%) | 14.5 |
Net Absortion (SF) | -69,966 |
Industrial and Logistics Parks
Total Inventory (MSF) | 523.4 |
Average Asking Rent (Price/SF) | $74.00 |
Availability Rate (%) | 52.3 |
Net Absortion (SF) | 645,834 |
Market indicators did not undergo strong variations during the third quarter of 2020. The stock of Class A warehouse remained unchanged from the previous quarter, at 2.32 million square meters. The vacancy rate increased slightly to 14.5%, and the average rental rate dropped slightly averaging $6.60/SF.
Download Buenos Aires Industrial Market Report 3Q20