Positive net absorption and slight increase in vacancy mark the third quarter of the office market in Santiago
Insight
24 October 2024
Santiago, Office insight, Q3 2024
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The general net absorption of the office market of Santiago was 2,366 sq. m in Q3 2024, accumulating 12,667 sq. m this year. A Class A project was completed in Providencia, adding 10,000 sq. m of rentable area to the stock. The general vacancy rate increased to 9.7% in Q3 2024, mainly due to greater availability in Class A buildings.