Learn more by clicking our most recent Santiago MarketBeat reports below.
Learn more by clicking our most recent Santiago MarketBeat reports below.
The overall vacancy rate closed at 9.4%, representing a decrease of 0.4 percentage points compared to the 9.8% recorded in the previous quarter. This reduction confirms the upward trend in the search for new spaces, motivated in some cases by expansion needs and in others by a preference for strategic locations with better standards and amenities.
In the third quarter, the average vacancy rate for logistics centers stood at 4.44%, equivalent to 253,888 m². Of this available space, 96% corresponds to Class B spaces, concentrated mainly in the western zone.
On the other hand, Class A logistics centers recorded a vacancy rate of just 0.40%, reflecting high demand and rapid occupancy rates. This behavior is partly due to the fact that these spaces are pre-leased, which limits immediate availability.
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