Lima Office Report S1 2025

For the fourth consecutive year, the vacancy rate maintained its downward trend, driven by limited production in the Prime segment and a moderate rebound in demand, fostering a more favorable balance between supply and demand. The average Prime rent increased by 1.8 pp compared to the previous semester, a direct consequence of the progressive scarcity of available spaces in high-quality buildings and strategic locations. This contraction in supply is beginning to reshape negotiation dynamics, giving owners an increasingly favorable position compared to potential tenants.