Argentina MarketBeat Reports

Buenos Aires’ Class A office market started 2026 with a net absorption of 3,999 sqm, in a context of slower activity following the strong close of 2025. Even so, demand remains active, although more selective and clearly focused on high-quality assets.

Vacancy stood at 17.7%, virtually unchanged from the previous quarter, while asking rents remained stable at around USD 23.2/sqm/month. The lack of new supply during the period helped sustain this balance, with demand mainly concentrated in submarkets such as Libertador, Panamericana and Puerto Madero.

In this scenario, the market is entering a more balanced phase, where the absorption of the space delivered in 2025—particularly large floor plates—will be key to performance in the coming quarters.

Buenos Aires’ industrial and logistics market started 2026 with a net absorption of 15,170 sqm, in a context of lower transaction volume following the strong momentum seen at the end of 2025. Even so, demand remains active, with a more selective profile focused on strategic locations and high-quality assets.

Vacancy stood at 6.5%, broadly in line with the previous period, while asking rents remained stable at USD 7.2/sqm/month. The lack of new deliveries during the quarter helped sustain this balance, with activity mainly concentrated in the North Zone, particularly in mid-range corridors.

In this scenario, the market continues to show solid fundamentals, with supply increasingly aligned to demand and the absorption of available stock set to play a key role in the coming months.