JLL: Net absorption of office space in Buenos Aires to rise in 2015.
According to Jones Lang LaSalle IP’s ‘Office Market Overview’ for Latin America, supply of new office space in Buenos Aires should fall from 65,000 square metres in 2014 to 23,000 square metres in 2015. Expected net absorption is expected to rise from 33,000 square metres to 36,000 square metres. This is in the context of an overall vacancy rate of 6.8% across 1,261,000 square metres of space at the end of 2014. Class A office rents were USD27-30 per square metre per month.
Source : 31 Mar 2015/JLL/Buenos Aires/OFF