Buenos Aires, Industrial and Logistics Report, 2023
The industrial and logistics market recorded the highest absorption and closed 2022 with the lowest vacancy rate since the onset of the pandemic.
In 2022, the surveyed stock increased with respect to 2021, and amounted to 1,694,000 square meters.
The last half-year of 2022 registered 116,000 square meters of available space, resulting in a vacancy rate of 6.8%, the lowest since the first half of 2020, when the pandemic arrived. This represents a 16% decline compared to the starting half of 2022, when the vacancy rate amounted to 8.2%. Concerning rental asking prices, the last half of 2022 saw an increase of 5.8% in the general average with respect to the first six months of the year, and amounted to USD 6.0 square meters per month, the highest level since early 2020. Thus, rental asking prices are in an upward trend since the first half of 2021.