JLL: Net absorption of office space in Quito to fall in 2015.
According to Jones Lang LaSalle IP’s ‘Office Market Overview’ for Latin America, supply of new office space in Quito should rise from 21,000 square metres in 2014 to 42,000 square metres in 2015. Expected net absorption is expected to fall from 38,000 square metres to 30,000 square metres. This is in the context of an overall vacancy rate of 2.4% across 496,000 square metres of space at the end of 2014. Class A office rents were USD13-19 per square metre per month.
Source : 31 Mar 2015/JLL/Quito/OFF