Buenos Aires Office Market Report 3Q 2021

3Q21

The average rental value for Class A offices stabilized at $27.00/SF, with no significant changes compared to the last quarter. The vacancy rate continues to decline moderately since the second quarter of 2021, averaging 16.5% of the total rentable area. In third-quarter 2021, a slight recovery of the market began to show, registering a positive net absorption of 43,130.12 square feet and an annual accumulated absorption of -246,654.12 SF.