Office Market Report | Q2 2019

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Economic Background

By the end of the first half of 2019, the country’s economy begins to show signs of stability.


Offer

The market of corporate offices in Buenos Aires continued to grow its inventory. It increased by 1,24% on an annual basis, which amounted to 24.790 m² of brand new office spaces.



Demand

In tandem with what was experienced in the first quarter of the year, the corporate office market continues its trend of rising vacancy rates, within the context of the national economic crisis.


 

Prices

After a period of six consecutive months of declines in rental values, the corporate office market in Buenos Aires ended the second quarter of this year with a move in the opposite direction, showing an increase of 2,2%.

 

Projection

The inventory of corporate offices in Buenos Aires will continue to grow steadily towards the end of 2022, by which time it is estimated to have risen by 20%.

 

Office Market Report | Q2 2019

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