As of the end of 2025, the market consolidated its second consecutive year of high activity, with annual net absorption of 93,059 sqm, driven by strong demand for Class A assets and the Las Condes submarket.
Insight
JLL Chile - Office insight Q4 2025
The overall vacancy rate decreased from 8.9% to 8.1% during the year, despite recording the highest annual production since 2018. Asking rent for Class A offices ended the year trending upward, closing at 0.54 UF per sqm, while Class B remained stable at 0.41 UF per sqm. Annual demand was led by Class A assets (64%) and by the Las Condes submarket, which accounted for 44% of total activity.