Research

Buenos Aires Office Report, Q2 2022

In this period, a certain recovery in activity was noted, although still very moderate. The average asking price registered a slight decrease compared to the first quarter of 2022.

August 01, 2022

As of the end of the second quarter of 2022 the corporate office market of Buenos Aires amounted to 2,027,000 square meters, with no additions during the first half of the year. As of the end of the second quarter of 2022 the corporate office market of Buenos Aires amounted to 2,027,000 square meters, with no additions during the first half of the year. Net absorption turned positive in the period under analysis. Indeed, the second quarter of 2022 registered 6,391 square meters of net absorption, which reflects a moderate recovery of leasing activity. The average asking price during the second quarter of 2022 amounted to USD 23.3 per square meter per month, a slight decrease with respect to the first quarter of the year (USD 23.7 per square meter).

 

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