In 2024, Quito’s office market fundamentals have deteriorated amid low transactional volume fueled by political-driven uncertainty.
Insight
01 October 2024
Office Insight Quito, 1H, 2024
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An optimism sentiment experienced in the second half of 2023 was halted by political events that include the removal of former president Guillermo Lasso, subsequent presidential elections for the remainder of the term, and the upcoming 2025 presidential elections.