Learn more by clicking our most recent Argentina MarketBeat reports below.
Learn more by clicking our most recent Argentina MarketBeat reports below.
In the last quarter of the year, the premium office market in Buenos Aires recorded a net absorption of just 106 m². While the post-pandemic recovery continues, demand still falls short of supply, keeping vacancy rates stable over several periods. Catalinas and Panamericana led occupancy during this period, while Puerto Madero and Distrito Tecnológico helped balance vacancy by releasing space.
In 2024, rental prices declined slightly compared to 2023, driven by the occupancy of higher-quality buildings in better-located areas. The price gap between the city center and peripheral areas reached a historic low of 3.4%.
This year marked the conclusion of a cycle that began in 2021, characterized by the absorption of office space equivalent to what was vacated during the pandemic. However, expectations remain for a stronger demand recovery. Looking ahead to 2025, with a stabilized economy, growth prospects appear positive thanks to new developments and sustained demand.
According to our latest Industrial Market Beat report, the market closed 2024 with a net absorption of 42,850 m²—equivalent to the total space built the previous year—and a low vacancy rate of 4,24%, reflecting strong demand for premium spaces.
Despite this momentum, rental prices saw a slight adjustment, ending at 7,31 USD/BNA/m², in a context shaped by cost pressures and shifts in stock management strategies.
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