2023 Outlook

A comprehensive overview of the current Argentine commercial real estate market, including offices, industrial and logistics, retail, and hospitality.

October 04, 2023

The real estate market in Argentina is presently influenced, on the one hand, by internal factors inherent to the industry –which are also seen globally and stem from the impact of the pandemic– and, on the other, by external elements related mainly to the country's economic, political, and social situation. This context generates a framework of uncertainty but also presents an opportunity for the market to adapt and evolve. The logistics, hospitality, and retail sectors are seizing this period to recover lost ground and are even registering indicators above pre-pandemic levels. Moreover, sustainability and the exploration of new spaces and work modalities continue to advance and gain increasing importance. Lastly, while the outlook for offices is more uncertain, the segment remains active on account of the dynamism of the sale and purchase of space.

This report examines the performance of the key components of the local real estate market during 2022 and 2023, and provides a valuable tool for industry participants to project the short and medium term.

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