Lima Office MarketBeat Q2 2019

Our quarterly study shows that in the second quarter of the year the class A office market continued a trend of progressive adjustment of vacancy indicators and rents.

Compared to the previous quarter the inventory of class A offices was stable, with no new supplies, which shows a moderate and conservative growth in inventory.

The vacancy rate closed at 17.1% with a reduction in available area to 5.6% compared to the previous quarter. The bid price of rents fell to USD 16.7 m2/month. Although this indicated a reduction in this indicator, it shows the effort the market is making to reach equilibrium in the face of changes in inventory and availability.

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Over the last two decades the office market in Lima has experienced unprecedented growth which changed and continues to change the look of the city.


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