Real estate: the market for offices and commercial premises in Buenos Aires begins to pick up momentum
With the return to face-to-face work, and increased activity, the demand for corporate spaces is beginning to increase. Little by little, along with the recovery of economic activity, the office and commercial premises market is beginning to reverse the negative trend that had marked it during the pandemic, especially in the downtown area of Buenos Aires. Various surveys show an upturn in the rental and occupancy levels of these properties. Although the segment still has a lot to recover from the advance of…
Cushman Wakefield Office Report for South American Major Markets
The COVID-19 health crisis continues to impact the economy across the globe, resulting in a volatile economic outlook, which isreflected in the GDP variations across the region. Due to the different government restrictions, vaccination process and relaxation incontrol measurements, a slower economic recovery is seen, there is visible GDP growth, except for Brazil and Chile. Regarding the unemployment rate, there’s a slight overall downfall that shows the first signs of labour recovery across the South Americanregion.…
Why working from home is Bad for Business
I don’t know about you but I can barely wait for this working-from-home period to end. The compulsive walking to and from the fridge, the procrastination as I stare out my window, the commandeering of my dining room table, the lack of a colleague nearby to chat with and laugh. The sooner I’m back in the office the better. Of course, most people would disagree and for good reason. Unlike a single guy living alone without dependants, they’re relishing the avoidance of traffic, the time with family, the…
Very high demand for new office space in Buenos Aires means all new projects are pre leased
“What is already built, is fully leased”; All the main market analysts agree. This semester will add 8 new buildings, which increase the inventory 3.6% but not enough to satisfy strong demand. Real estate market analysts agree that this will be a good year for the office segment. The Buenos Aires market and the northern corridor remain stable and the greatest demand is concentrated in the higher offices, classified as A +, whose average rent is between US $ 30 and US $ 32 per square meter…
