The new conditions of high-end office rental rates in Latin America

Rents for prime office space in 20 Latin American cities The Latin American real estate market’s performance is more heterogeneous today than in the past 15 years, when the region was still surfing the wave of the commodity Supercycle, said Martín Potito, Vice President for Latin America of commercial real estate and investment management advisor Jones Lang LaSalle (JLL). In the past, Latin American real estate prices went roughly in the same direction, fueled by similar fundamental forces. In the high-end office market, domestic demand and foreign direct investment were some of the strongest drivers. In recent months, cities have gone in diverging directions. Brazil’s sharp economic downturn took a toll on the office rental markets in Sao Paulo and […]

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The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]