CBRE: Average rent of US$23.13 per square metre per month in Buenos Aires

Realopedia Global Real Estate Portal

In its 4Q15 review of the office markets of Latin America, CBRE noted that total inventory of prime office space in Buenos Aires at the end of last year amounted to 1,735,000 square metres. Total inventory across all 11 cities in the region surveyed by CBRE amounted to 18,018,000 square metres. During 4Q15, average prime office rents in Buenos Aires were US$23.13 per square metre per month, or less than the average across the 11 cities of US$27.42 per square metre per month. CBRE classifies Buenos Aires as a prime office market where rents are rising rapidly.

Source : CBRE/ Mar 2016/Buenos Aires/OFF