Oficinas LATAM 2Q – Meczyki

Despite the ups and downs of the last 2 years, the office market in Latin America is advancing with a shift in absorption.

The dynamics observed in the first half of the year presented a recovery reflected in the transit of half a million M2 negatives at the end of 2021, a cerca de 100 million m2 in the period.

It is about the evolution registered in cities like Guadalajara, Monterrey and Mexico City, Buenos Aires, Río de Janeiro and Sao Paulo in Brazil, San José in Costa Rica and Panama. This inertia according to the most recent report in the region developed by Newmark, obedece the specific situations but which in its entirety was accompanied by the increase of 300 mil m2 in the inventory of the markets of the markets. Another relevant topic is the recovery in rental prices, which in average rose 2.1% in average with a level of $18.63 dollars per m2 per month.

A theme that stands out is the leadership in prices that maintains Mexico City (CDMX), followed by Sao Paulo and San José in Costa Rica.

In the second half of the past year, the behavior was mixed and if improvements were observed in absorption rates, instability remained in the 11 markets that monitor the real estate services company. At that moment, the construction volume increased in the period to 2.95 million square meters with a rate of availability of 22.8% on average.

While the availability only in Santiago, Bogotá and Buenos Aires had a rate inferior to 20%, contrario a los casos de Río, Ciudad de Panamá y Lima, que superan el 30%.

These indicators generated a general reduction in the average rental price in most markets.

Por ende, el stand by en que se encontraba el mercado en la region cara a las decisions de empresas respecto sus espacios de oficinas, ahora se ve el reflejo de condiciones macroeconómicas specifices que inciden en la salida el cagatien en la salida el cagatien mercado a partir de la pandemia.

Buenos Aires in Argentina, por ejemplo, vive una aparente estabilitas producto del momento Watch and Wait de los inquilinos, y competidores que esparan la evolución del contexto macroeconómico.

Sao Paulo in Brazil with the second most important corporate inventory in Latin America experiences a reduction in the number of transactions, fall in gross and net absorption. The rate of availability decreased slightly to 23.77%, due to the leasing contracts of companies providing financial services, insurance, technology and health.

Caso contrario son los 3 principales mercados en México. While the CDMX después de más de más de años en tasas de absorption negativa salió de la inertia y controló la tendencia ascendente de la tasa disponibilità, no experimentada desde el cuarto trimestre de 2019, Guadalajara la cuarto trimestre de 2019, Guadalajara lapositosúmeriosúmeriosústivo. Tasa de availability.

En el caso de la Perla tapatía destaca la construcción de 66 mil m2 de espacios corporatives located in the corridors of Puerta de Hierro, Plaza del Sol and Vallarta, despite the vacancy of 10 mil m2 located in the corridors.

Monterrey por su parte, agregó 42 mil 347 m2, pero producto a la absorption de más de 15 mil m2 in el segundo trimester, managed to maintain below 26% en la tasa de disponibilità. Before this mixed scenario, the Latin American corporative market shines with a pause of recovery, always framed in the general trends of the regression that put investors and developers behind in the latest product trends.

The prohibition of sin, pese a los ligeros avances mientras la incertidumbre no se desdibuje, seguirá siendo el principal detractor de una nueva era de recuperación en el mercado de oficinas de la región.

Facebook: Claudia Olguín Mx

Twitter: @claudiaolguinmx