The average asking rent for office real estate decreased across all major markets in Latin America between the first half of 2019 and the second half of 2022. Buenos Aires had the most expensive office space at 23.7 U.S. dollars per square meter per month. Mexico City followed closely with monthly rent of 22.44 U.S. dollars per square meter.
Average monthly asking rent for office real estate in Latin America (LATAM) in 2nd half 2019 and 2nd half 2022, by city
(in U.S. dollars per square meter)
Characteristic
H2 2019
H2 2022
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Newmark. (March 10, 2023). Average monthly asking rent for office real estate in Latin America (LATAM) in 2nd half 2019 and 2nd half 2022, by city (in U.S. dollars per square meter) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1350012/office-real-estate-rent-latin-america-cities/
Newmark. "Average monthly asking rent for office real estate in Latin America (LATAM) in 2nd half 2019 and 2nd half 2022, by city (in U.S. dollars per square meter)." Chart. March 10, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1350012/office-real-estate-rent-latin-america-cities/
Newmark. (2023). Average monthly asking rent for office real estate in Latin America (LATAM) in 2nd half 2019 and 2nd half 2022, by city (in U.S. dollars per square meter). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1350012/office-real-estate-rent-latin-america-cities/
Newmark. "Average Monthly Asking Rent for Office Real Estate in Latin America (Latam) in 2nd Half 2019 and 2nd Half 2022, by City (in U.S. Dollars per Square Meter)." Statista, Statista Inc., 10 Mar 2023, https://www.statista.com/statistics/1350012/office-real-estate-rent-latin-america-cities/
Newmark, Average monthly asking rent for office real estate in Latin America (LATAM) in 2nd half 2019 and 2nd half 2022, by city (in U.S. dollars per square meter) Statista, https://www.statista.com/statistics/1350012/office-real-estate-rent-latin-america-cities/ (last visited August 25, 2024)
Average monthly asking rent for office real estate in Latin America (LATAM) in 2nd half 2019 and 2nd half 2022, by city (in U.S. dollars per square meter) [Graph], Newmark, March 10, 2023. [Online]. Available: https://www.statista.com/statistics/1350012/office-real-estate-rent-latin-america-cities/