Latin America
Office Market
Overview, 2023

This report includes 17 countries, 594 million inhabitants, 91.0% of the region’s total, 7.5% of the global population.

November 22, 2023

The gradual reopening and normalization of activities after the pandemic led to a strong expansion of tourism and consumption, and allowed employment rates to recover much of the lost ground. Nevertheless, with the advent of the international crisis triggered by Russia's invasion of Ukraine, and its consequences on the economy, a new complex scenario emerged, resulting in a nearly 50% reduction in regional growth in 2022 compared to 2021.

In the current global context, which is so challenging, it is essential for JLL to understand the role our sector plays in society, which is why it is crucial to grasp the meaning behind its key indicators. With this report, we aim to provide a reliabble tool for analysis to those who require accurate information to make informed decisions. By doing so, we contribute to a strengthened and resilient market.

This report includes 17 countries, i.e., 51% of the Latin American nation states, totaling 594 million inhabitants and amounting to 91.0% of the region’s total which, in turn, represents 7.5% of the global population.

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