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Office Rentals in Buenos Aires: The USD dollar m2 price has fallen a little but vacancies have increased

The cost of leasing has dropped just 3.7% in a year but the available rentable area has increased by 36.7%. In light of the lower economic activity, the office market also experienced a contraction during the first quarter of this year. Not only did gross rental prices decrease in these workspaces also the level of vacancy (available surface) rose to 6.7% of the total of the offer, to 36.7% higher than in the same quarter of 2018. According to a report by Cushman & Wakefield, “during the first quarter…
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