Research

Lima office outlook, 2S, 2024

The vacancy rate continued its downward trend for the third consecutive year, driven by three key factors: the progressive return to in-person work, reduced production and a preference for offices in the Non-Prime segment

January 20, 2025
Contributors:
  • Luis Sanchez

The average rental price increased compared to the previous period, due to the recovery of rents in the Non-Prime segment and the rebound in Prime office prices.

The office market is expected to maintain its dynamism during 2025, with demand slightly lower than in 2024. This dynamic, combined with limited supply, could maintain upward pressure on rental price.

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