Real Estate Index
Rio de Janeiro ranked the most expensive city in our index for office rental prices. Photo: Digo Souza
According to Latin Trade’s Real Estate Price Index, prime office occupancy costs declined in US dollar terms in the third quarter of 2014 in nine key markets in Argentina, Brazil, Chile, Mexico, Panama and Peru, chiefly reflecting the effects of depreciating local currencies, cooling domestic economic growth and rising inventory. At an annual average of $56.65 per sq. ft. ($50.82 per sq. met…
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