Buenos Aires Office Market Report

1Q22

The average rental value for Class A offices stabilized at $26.4/SF and continued without significant changes compared to the fourth quarter of 2021. The vacancy rate showed a slight increase to 16.4%. For the first quarter of 2022, the market continued to show stability. Transactions totaled nearly 286,589 square feet. As a result, quarterly net absorption was -62,646 square feet.