The Salvadorean office market presents an opportunity for growth and improvement in terms of both the size and quality of its inventory, positioning it for positive development as indicated by ongoing construction projects.
Insight
16 August 2024
El Salvador Office Market Report Q2, 2024
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The Salvadorean office market, although it has room for improvement in terms of size and quality of the inventory, has changed little in recent years compared to more sophisticated and developed markets in the region. However, there are positive signs of growth and transformation in the market, with construction currently underway on nearly a dozen new buildings. Notable additions to the market include the Presidente Plaza building in the San Benito submarket and Millenium Plaza in Colonia Escalon, which is a three-tower mixed-use complex set to have more than 180,000 sqm of space once fully completed, with only the office tower delivered during 2023.