Buenos Aires Office Report, Q2 2021

The corporate office stock of Buenos Aires remained unchanged during the second quarter of 2021 with respect to the first quarter, totaling 2,020,000 square meters. In terms of vacancy, the period saw once again a quarter-on-quarter increase, for an unprecedented seventh time in a row. Thus, the vacancy rate reached a historical record high, at 16.3%. Compared with the pre-pandemic value (7.4%), the surge amounts to 120%.

The decline in the demand for corporate office space is evidenced in the overall negative absorption recorded during the quarter (-28,400).

One year into the pandemic, the average price decreased by 6.7% (USD 26.7 and USD 24.9).

Fill out this form to download report

I would like to receive JLL Communications

There was an error submitting the form. Please try again.

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.