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 […]