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CB Richard Ellis Sees Growth And Opportunity in Commercial Real Estate in Latin America

New CBRE Special Report Analyzes Markets and Trends in Seven Countries

Los Angeles – August 22, 2011 – A new CB Richard Ellis (CBRE) Special Report, The Outlook for Latin America’s Commercial Real Estate Markets, finds that Latin America has emerged as an important destination for both investors and corporate occupiers and that commercial real estate conditions are strong in most of the region’s major markets. The report analyzes economic and real estate conditions in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Panama.  

“Latin America offers significant advantages for both occupiers and investors, including a relatively young population, solid economic growth and a growing affluent consumer base,” said 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 underway over the last three decades.” 

The report, prepared by Mr. Lopez-Beltran and Asieh Mansour, PhD, CBRE’s Head of Americas Research, notes that the economic outlook varies from country to country, with South and Central American economies facing rapid economic growth and rising inflationary pressures, while Mexico is seeing slow growth prospects in the near term. With the exception of Mexico, Latin America’s commercial real estate market conditions are strong. 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.  

Net absorption of commercial space in Latin America will continue to be supported not only by multi-national firms but also by domestic sources of demand, according to the CBRE analysis. Cross-border capital flows have bolstered investment sales, rendering the region an important target destination for global investors. New development will continue to be absorbed at a fast pace, as corporate occupiers upgrade existing real estate needs. 

While the long-term outlook for Latin America is positive, the report cautions that near-term risks remain and the trajectory for the commercial real estate markets will vary by country. 

To view the full report click HERE. To speak with a CBRE expert, please contact Robert McGrath (212.984.8267 or

About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at

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