Among the leading office markets in Latin America, Sao Paulo had the highest absorption rate amounting to almost 65,000 square meters in the second half of 2022. Not all cities had a positive office absorption rate. In Panama City, the absorption rate in the second half of the year was negative, meaning that more space was vacated than newly occupied.
Net absorption of office real estate in Latin America (LATAM) in 2022, by city
(in 1,000 square meters)
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Newmark. (March 10, 2023). Net absorption of office real estate in Latin America (LATAM) in 2022, by city (in 1,000 square meters) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1089735/office-real-estate-absorption-latin-america-cities/
Newmark. "Net absorption of office real estate in Latin America (LATAM) in 2022, by city (in 1,000 square meters)." Chart. March 10, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1089735/office-real-estate-absorption-latin-america-cities/
Newmark. (2023). Net absorption of office real estate in Latin America (LATAM) in 2022, by city (in 1,000 square meters). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1089735/office-real-estate-absorption-latin-america-cities/
Newmark. "Net Absorption of Office Real Estate in Latin America (Latam) in 2022, by City (in 1,000 Square Meters)." Statista, Statista Inc., 10 Mar 2023, https://www.statista.com/statistics/1089735/office-real-estate-absorption-latin-america-cities/
Newmark, Net absorption of office real estate in Latin America (LATAM) in 2022, by city (in 1,000 square meters) Statista, https://www.statista.com/statistics/1089735/office-real-estate-absorption-latin-america-cities/ (last visited November 22, 2024)
Net absorption of office real estate in Latin America (LATAM) in 2022, by city (in 1,000 square meters) [Graph], Newmark, March 10, 2023. [Online]. Available: https://www.statista.com/statistics/1089735/office-real-estate-absorption-latin-america-cities/
