A new report published by CB Richard Ellis (CBRE) has identified Latin America as a fast-emerging market for commercial real estate (CRE) investors and corporate occupiers.
According to "The Outlook for Latin America's Commercial Real Estate Markets," Latin America's CRE market conditions are mostly strong - Mexico is the main exception. Healthy consumer spending and commodity-driven economic growth is fueling the region's retail centers and housing markets and driving demand for office and industrial space, the report says, while net absorption of commercial space in Latin America is expected to enjoy the support of multinational firms and domestic sources.
"Latin America offers significant advantages for both occupiers and investors, including a relatively young population, solid economic growth and a growing affluent consumer base," says Victor Lopez-Beltran, CBRE's director of Latin America research. "In particular, the growth in investment opportunities continues to evolve at a rapid pace, given the land reform and privatization efforts under way over the last three decades."
The report analyzes economic and real estate conditions in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Panama. While CBRE predicts the long-term outlook for Latin America is positive, the report cautions that near-term risks remain and that the trajectory for the commercial real estate markets will vary by country.
Source: www.mortgageorb.com
According to "The Outlook for Latin America's Commercial Real Estate Markets," Latin America's CRE market conditions are mostly strong - Mexico is the main exception. Healthy consumer spending and commodity-driven economic growth is fueling the region's retail centers and housing markets and driving demand for office and industrial space, the report says, while net absorption of commercial space in Latin America is expected to enjoy the support of multinational firms and domestic sources.
"Latin America offers significant advantages for both occupiers and investors, including a relatively young population, solid economic growth and a growing affluent consumer base," says Victor Lopez-Beltran, CBRE's director of Latin America research. "In particular, the growth in investment opportunities continues to evolve at a rapid pace, given the land reform and privatization efforts under way over the last three decades."
The report analyzes economic and real estate conditions in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Panama. While CBRE predicts the long-term outlook for Latin America is positive, the report cautions that near-term risks remain and that the trajectory for the commercial real estate markets will vary by country.
Source: www.mortgageorb.com
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