JJL Latin America Office Market Overview, 2022

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This report analyzes the performance of the main market indicators in 15 cities across 11 countries throughout Latin America. It provides a deep dive into each office market, comparing their historical records and their different situations.

After two difficult years (2020 and 2021) during which most markets saw a marked worsening of their indicators, in 2022, nearly all the cities included in this report halted their decline. They started to show signs of stability and recovery. In this regard, it should be noted that, during the second quarter, all markets under analysis presented positive net absorption, which had not happened since the onset of the pandemic. This indicator stood at 163,000 square meters.

This report analyzes the performance of the main market indicators in 15 cities across 11 countries throughout Latin America. It provides a deep dive into each office market, comparing their historical records and their different situations.

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