Buenos Aires Office Market Report 4Q 2020
This report was made during the Covid-19 pandemic. On March 20, 2020, mandatory quarantine was declared in Argentina, going through different stages of opening and restricting economic activities based on the evolution of the pandemic.
The return to workspaces is taking place gradually, with scaled-down teams operating on alternate days to reduce occupancy and maintain social distance. Although there are still no specific dates to return to the offices, the home office is here to stay, where a rotating percentage close to 30% will work from home.
In order to make a more precise analysis, we must be attentive to what happens with the Covid-19 vaccine and at the local level to the political and economic decisions made by the government to outline a plan for GDP growth in the medium term.