Research

Latin America Office Market Overview, H1 2019

Key takeaways of the Latin America Office Report, 2019

 

  • Mexico City concentrates 27% of the total surveyed stock
  • The region’s inventory will increase by 18% in the next two years
  • Half of the area to be added up to 2021 will correspond to Mexico
  • The fastest growing market up to 2021 will be Guadalajara, with a projected 70% increase
  • Santiago presents the best ratio between stock and population (one square meter of office space per 2.2 inhabitants)
  • The lowest vacancy rate is found in Santiago, at 4.6%
  • Buenos Aires is the most expensive city of the region, with an average asking rental price of USD 30.6 per square meter per month for Class A space. Asunción registers the lowest prices for Class A units, at USD 15.7
  • The average sale price per square meter throughout the region amounts to USD 3,100
  • According to the JLL Transparency Index 2018, Brazil has the most transparent market of Latin America (ranked 37 out of a total of 100 surveyed countries) 
  • Apart from Bolivia, all the countries covered in this report are ranked “High” or “Very high” in the Human Development Index, with Chile being the best performer
  • Although in recent years a significant number of Latin American economies have expanded considerably, most of them continue to reveal a great dependency on primary exports
  • Latin America joined the global trend that sees co-working spaces becoming more and more relevant
  • The typical lease term within the region ranges between three and five years

 

Fill out this form to download report

There was an error submitting the form. Please try again.

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.