JPMorgan Chase Announces Global Service Center In Buenos Aires

Patrick Archer buenos aires events, competitiveness, creative class, foreign investment, global rankings, real estate, technology, us companies, visionaries

JPMorgan Chase & Co. (NYSE: JPM) yesterday announced the opening of a new global service center in Buenos Aires pointing to several positive factors like cheap real estate, a convenient time zone and a highly skilled labor force which helped the Argentine megacity trump other South American metros like Bogota, Santiago and São Paulo. JPMorgan Opening A Regional Center With 1,000 Professionals is the headline of Javier …

Local Banks Investing Millions On Buenos Aires Office Space

Patrick Archer buenos aires events, foreign investment, real estate

At a time when Argentine companies have limited options regarding transferring profits abroad, two of Argentina’s largest banks are making major investments in Buenos Aires AAA office space. BBVA Banco Frances will invest US$220 million to acquire 23 floors in the recently announced Catalinas Norte project. Upon completion in 2015, the new 33-story office tower at the corner of Cordoba …

Downtown Pedestrian Paradise A Growing Nightmare For Business

Patrick Archer ba government, buenos aires events, real estate

Downtown Buenos Aires may be taking giants strides toward becoming a pedestrian’s paradise, but the massive street reconfiguration is becoming a nightmare for many companies with offices in Microcentro. With so many city blocks being converted to pedestrian-only or pedestrian-preferred streets, Ambito’s Belen Fernandez says many companies are moving out of downtown or contemplating a move in the near future. …

Puerto Madero Class A Vacancy Varies By Building & Docks

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Puerto Madero is the Buenos Aires barrio which has seen the most new office construction in recent years, and now the port area’s office vacancy rate is higher than the city average, according to a new report from Colliers International. “More Supply Than Demand” is the headline of Patricia Gutierrez’ article in La Nacion which summarizes the Colliers data. In …

Buenos Aires Office Space Costs 50% Less Than Sao Paulo

Patrick Archer aruba, average prices, competitiveness, real estate

This according to a new report from Colliers International analyzing the average cost of prime office space in major Latin American markets. The average price of Class A office space in Buenos Aires is US$29 per square meter or US$2.77 per square foot placing BA third in Latin America right behind Bogota (US$33 per m2 or $3.06 per square foot) and …