Vacancy increased to 13.7% and net absorption was negative for the first time this year, according to Colliers Argentina.
The Class A and A+ office market in Buenos Aires closed the last quarter of the year with a slight slowdown, after two consecutive periods of growth. The vacancy rate rose to 13.70% and net absorption was negative by 18,050 sq m, according to the report prepared by Colliers Argentina. This contraction is largely due to the release of large areas in the northern area of CABA.
“The market shows a pause after months of recovery, but demand remains latent. Companies are still looking for quality, albeit with more strategic decisions and a prudent long-term approach, explained Juan Manuel Farola, Commercial Manager of Colliers Argentina.
During the quarter, class A+ buildings accounted for the highest vacancy, with 185,852 sq m available and a vacancy rate of 14.33%, compared to 12.94% in the previous period. In contrast, Class A properties remained stable, with a vacancy rate of 12.51%. The total inventory remained unchanged at 1,980,498 m², and the average asking value was USD 22.38/m².
As for the breakdown by submarkets, the North of GBA (77,396 m²), Microcentro (42,706 m²) and North CABA (42,110 m²) are the corridors with the largest available surface area.. The rise in vacancy in the North of CABA - where almost 19,000 sq m were released in this quarter - was a determining factor in the overall market performance.
“Offices remain key spaces for connection, collaboration and corporate culture. The challenge now is to offer environments that accompany organisational transformation, with a focus on flexibility, efficiency and wellbeing”.”, he added Street lamp.
This balance marks the end of the year with mixed signals, but with solid fundamentals that anticipate a 2026 with new opportunities. The evolution of the hybrid model and the valorisation of quality assets will continue to be strategic axes for companies committed to consolidating their presence in key locations in the city.
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