Buenos Aires Class A Office Vacancies, Absorption Both “Healthy”

Patrick Archer average prices, buenos aires events, competitiveness, foreign investment, real estate

Average vacancy rates are rising in the Buenos Aires Class A office market but they are still healthy compared to other South American metros, according to the latest quarterly report from Colliers International. With A Decline In Rents, The Crisis Reached the Office Market is the headline of Alfredo Sainz’ analysis in La Nacion which shows average Class A rents …

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 …

As Consumer Spending Slows, Buenos Aires Retail Vacancies Rise

Patrick Archer average prices, buenos aires events, real estate

Retail vacancies are rising in downtown Buenos Aires, as consumer spending slows and more small businesses choose not to renew their leases, according to Alfredo Sainz of La Nacion. Sainz says “For Rent” signs are spreading like a virus especially in popular pedestrian corridors like Florida and Lavalle,  and the 30-block area of Recoleta bordered by Alvear, Callao, Cerrito and …

McDonald’s To Open On “The Most Famous Corner” in Argentina

Patrick Archer aruba, foreign investment, franchises, real estate, us companies

It used to be a Cinema, but it wasn’t a cinema. It was just located next to a cinema, but the cinema closed in 2002 and the Cinema closed earlier this year. So the cinemas are long gone, but what remains is one of the most valuable corners of commercial real estate in Buenos Aires: Callao and Santa Fe. Clarin’s …

New Buenos Aires World Trade Center To Open In Puerto Madero

Patrick Archer aruba, foreign investment, real estate

Manhattan has one. Santiago has one. Montevideo has one. And now Buenos Aires will have its own World Trade Center to be located in Dock One of Puerto Madero. The announcement was made this week between the World Trade Centers Association (WTCA) and the developer of the recently completed Madero Harbour which the WTC Buenos Aires will call home. La …