JLL: Net absorption of office space in Medellín to rise in 2015.

TrendTracker_2

According to Jones Lang LaSalle IP’s ‘Office Market Overview’ for Latin America, supply of new office space in Medellín should rise from 49,000 square metres in 2014 to 50,000 square metres in 2015. Expected net absorption is expected to rise from 38,000 square metres to 51,000 square metres. This is in the context of an overall vacancy rate of 3.9% across 570,000 square metres of space at the end of 2014. Class A office rents were USD13-23 per square metre per month.

Source : 31 Mar 2015/JLL/Medellín/OFF

Disclaimer
'All articles and information are based on publicly available data from identified and defined sources. The sources include leading consultancies, think tanks, official statistics offices, trade associations, real estate companies and work of third parties. The data, information, suggestion and articles are not a recommendation for any action. We accept no liability for any loss resulting from decision that is based on an article. We accept no responsibility for any errors and omissions in any published article or work.'