The first half of 2025 closed with the highest net absorption in six years: over 81,000 sqm occupied, driven by AAA buildings and prime locations. In-person work is no longer a promise—it’s a strategic decision.
The Class A office market in Buenos Aires ended the first half of the year with a net absorption of 81,686 sqm, marking its strongest performance since 2019. In the second quarter alone, more than 61,000 sqm were absorbed, with major transactions in premium buildings such as Centro Empresarial Núñez and Libertador. At the same time, overall vacancy dropped to 18%, reflecting a sustained increase in demand for corporate space.
One of the main drivers of this recovery is the return of companies to more office-based models. It’s no longer just about occupying square meters, but about securing flexible, efficient, and well-connected spaces that support new ways of working. This shift is fueling demand for larger floorplates, particularly in established corridors such as Panamericana, Palermo, and Puerto Madero.
At the same time, the market is showing another interesting trend: a convergence of prices between central (CBD) and peripheral areas. With an average asking rent of USD 23.26/sqm/month, the gap between the two submarkets is narrowing, and non-CBD corridors are emerging as strategic options for companies seeking quality without compromising location or services.
Although new development remains limited, signs of macroeconomic recovery and renewed demand for high-quality space point to a potential rebound in the coming quarters.
The return to the office is real. And with it, a new chapter for the office market.
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