In its 4Q15 review of the office markets of Latin America, CBRE noted that net absorption of prime office space in Lima during the quarter amounted to 43,000 square metres. The average vacancy rate was 11.3%. Across the 11 cities in the region that were surveyed by CBRE, net absorption during the quarter amounted to 380,000 square metres and the average vacancy rate was 13.9%. In relation to the prime office market in Lima over 2015 as a whole, CBRE highlighted the general confidence of the construction sector and the large pipeline of new space that will become available in 2016 and 2017.

Source : CBRE/ Mar 2016/Lima/OFF