Figures

Good performance of 'Other B' submarket. Adds an historical net absorption of 15,860 sqm

Santiago Office | Q1 2025

July 1, 2025 2 Minute Read

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Executive Summary

  • The overall Class A+B vacancy rate closed lower, reaching 10.84%. Both segments showed a slight decrease, with 9.91% in Class A and 11.51% in Class B.
  • Santiago Downtown A attracts private users, and leases for spaces between 500 and 1,000 sq.m. are finalized; however, space releases continue from users migrating to Las Condes.
    Both segments closed the quarter with positive net absorption, accumulating a total A+B of 25,951 sq.m.
  • A new building was incorporated in the La Reina district, adding 13,974 sq.m. to the inventory of the "Other B" submarket. This space entered the market fully leased.
  • Asking prices remained stable but closed slightly lower compared to the previous quarter: Class A at 0.449 UF/sq.m. and Class B at 0.377 UF/sq.m.