Buenos Aires Office Report, Q1 2022

The corporate office market of Buenos Aires totaled 2,027,000 square meters in the first quarter of 2022, that is, it remained unchanged from the previous quarter. The vacancy rate, for its part, also remained unchanged from the last three months of 2021, at 15.9%. Thus, the year began with no additions to the stock.

The average asking price as of early 2022 amounted to USD 23.7 per square meter per month, slightly below the last quarter of 2021 (USD 24.1 per square meter). The decline is much more pronounced against the prepandemic average (first quarter of 2020), which amounted to USD 26.7..

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