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Flex Report S1 2025

8/4/2025
The first quarter of 2025 closed with a vacancy rate of 14.5% in Flex-type warehouse centers, also known as “Business Centers,” representing an increase of 10.5% compared to the second quarter of 2024. This increase is mainly attributed to the entry of new projects that expanded the available supply in several submarkets within the Metropolitan Region.

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Class B Office Report

At the end of the third quarter of 2025, the Class B office market recorded a vacancy rate of 8.40%, which corresponds to a total availability of 172,196 m². This figure represents a slight increase compared to the second quarter, when the vacancy rate was 8.23%. The rise is mainly explained by office vacancies in the submarkets Santiago Centro, Estoril, Vitacura, and Lo Barnechea, where lease terminations occurred and some companies relocated to other areas.
Rosario Meneses • 10/21/2025

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