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.…
Buenos Aires is the regional leader in new office projects
Between 2019 and 2023 there will be more than 800,000 square meters premium space built, which is a figure similar to what was built in Lima in the past five years, according to Cushman & Wakefield. At a regional level, Buenos Aires is the city that has more square meters of offices available projected to be built over the next five years, indicated a study by Cushman & Wakefield. To put that in perspective, the size of the office market between each of the cities, the ratio of square meters of offices…
