Colliers International’s latest research report highlights the strong demand for commercial (office) rentals in Sao Paulo and Rio, though it points out that Sao Paulo might see a reversal in 2012 as too many new developments are currently taking place (“salinhas comerciais” bubble?) and might flood the market. Here is what the report had to say about Latin America’s office markets:

“Some of the world’s lowest office vacancy rates are found in Latin American cities. Santiago, Chile; Rio de Janeiro, Brazil; São Paulo, Brazil; and Lima, Peru all have vacancy rates below three percent, resulting in a market that strongly favors landlords, prompts new construction and might squeeze some tenants that desire to expand. For the most part, we expect the strength of these markets to persist. While decreases in European demand for its commodities will likely hurt Latin America, this will be tempered by continued demand from China. In São Paolo, heightened demand has spurred the highest rates of new development in the region, which will eventually put downward pressure on asking rents.”

Here are the ten most expensive office rental towns, according to the report:

Full report can be downloaded below…
86522666 Global Office Highlights Year End 2011

Share →