Q1 2026 Offices Figures Buenos Aires

Market Context

During the first quarter of 2026, the Buenos Aires office market continued along a path of gradual normalization, with indicators reflecting a sustained improvement in occupancy levels.

Net quarterly absorption totaled 19,405 sqm, confirming the continuity of demand, albeit at a more moderate pace compared to the peaks observed toward the end of 2025. This performance is to be expected, as decision-making typically slows during the summer recess.

Only 3,850 sqm of new office space was delivered during the quarter, all of which was located along the Libertador Corridor in the GBA North submarket. This limited supply addition allowed demand to continue absorbing existing stock, contributing to a further improvement in occupancy indicators.

As a result, total available space fell to 340,044 sqm, within an overall inventory of 2,283,838 sqm, while the vacancy rate declined to 14.9%, deepening the downward trend that began in previous quarters.