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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. meter) in July-September 2014, occupancy costs in the region went down by 4.2 percent compared with the same quarter in 2013. The reduction was stronger in Brazil, where the real has lost value faster against the greenback, thus […]
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