Buenos Aires
Total Stock (million sq. ft.)
22.3
Vacancy Rate
8.6%
Availability Rate
N/A
NNN Lease Rate
$6.08
Net Absorption (million sq. ft.)
N/A
22.3
Vacancy Rate
8.6%
Availability Rate
N/A
NNN Lease Rate
$6.08
Net Absorption (million sq. ft.)
N/A
Metro Area Population
13.9 million
Unemployment Rate*
9.6%
Annual Salary - Warehouse
223,344 pesos
% of Pop - Associate Degree and Below
21.0%
% of Pop - Bachelor's Degree and Above
14.5%
*Country unemployment rate was used as proxy
13.9 million
Unemployment Rate*
9.6%
Annual Salary - Warehouse
223,344 pesos
% of Pop - Associate Degree and Below
21.0%
% of Pop - Bachelor's Degree and Above
14.5%
*Country unemployment rate was used as proxy
Airport
Ministro Pistarini International Airport
Total Cargo (millions of U.S. tons)
N/A
Seaport
Port of Buenos Aires
TEU Volume - 2017 (millions)
1.45
Major Highways
Route 9, Route 2
Number of Intermodal Rail Hubs
1
Number of Class I Rail Lines
2
What is the term of a typical lease?
5 years
How is the rent quoted?
Net monthly
What is the tenant's option for termination or break?
Right to terminate contract at any time after the sixth month, penalty is 1.5 months’ rent within the first 12 months, and 1 month’ rent after the first year of lease.
Does the tenant have the option to renew? What is the length of the typical option?
Fixed on a case-by-case basis.
How is the rent determined at renewal?
Negotiated before the expiration, usually based on three independent BOVs.
What is the typical rent-free period, if any?
1 to 3 months
What is the typical rent escalation?
2%-5%
Does the tenant have the right to sublet?
Rarely, agreed on a case-by-case basis.
5 years
How is the rent quoted?
Net monthly
What is the tenant's option for termination or break?
Right to terminate contract at any time after the sixth month, penalty is 1.5 months’ rent within the first 12 months, and 1 month’ rent after the first year of lease.
Does the tenant have the option to renew? What is the length of the typical option?
Fixed on a case-by-case basis.
How is the rent determined at renewal?
Negotiated before the expiration, usually based on three independent BOVs.
What is the typical rent-free period, if any?
1 to 3 months
What is the typical rent escalation?
2%-5%
Does the tenant have the right to sublet?
Rarely, agreed on a case-by-case basis.
What is the unit of measurement of a typical lease?
Per sq. m. per month
Does the leasable area include the common area?
No
Per sq. m. per month
Does the leasable area include the common area?
No
What is the average rent for a warehouse greater than 50K sq. ft.?
US$6.00 per sq. m. per month
What is the average rent for a manufacturing facility greater than 50K sq. ft.?
N/A
Is there a rent review during the lease?
No
What are the average service charges (OPEX)?
US$2.00 to $3.00 per sq. m. per month
Who is responsible for the service charges?
Tenant
What are the average taxes paid on the lease?
US$1.00 to $2.00 per sq. m. per month
Who is responsible for the property taxes?
Tenant
Who is responsible for the utilities?
Tenant
Who is responsible for the fit-out costs, if any?
Tenant
What is the typical security deposit?
1 month
How is car/truck parking paid?
Usually included in rent
Any other occupancy costs?
No
US$6.00 per sq. m. per month
What is the average rent for a manufacturing facility greater than 50K sq. ft.?
N/A
Is there a rent review during the lease?
No
What are the average service charges (OPEX)?
US$2.00 to $3.00 per sq. m. per month
Who is responsible for the service charges?
Tenant
What are the average taxes paid on the lease?
US$1.00 to $2.00 per sq. m. per month
Who is responsible for the property taxes?
Tenant
Who is responsible for the utilities?
Tenant
Who is responsible for the fit-out costs, if any?
Tenant
What is the typical security deposit?
1 month
How is car/truck parking paid?
Usually included in rent
Any other occupancy costs?
No
What are typical agency fees? Who pays them?
5% on total contract value, paid by tenant.
Who is responsible for legal fees?
Each party is responsible for their own legal fees.
Any other transaction costs?
Stamp duties (varies according to jurisdiction), split in half.
5% on total contract value, paid by tenant.
Who is responsible for legal fees?
Each party is responsible for their own legal fees.
Any other transaction costs?
Stamp duties (varies according to jurisdiction), split in half.
What is the typical land tenure?
Freehold.
What is the terminology of the purchase agreement?
Sale & Purchase Agreement
What is the average cost?
N/A
What is the agency fee and who pays?
4% paid by buyer.
What is the typical LTV?
N/A
What is the average borrowing rate?
N/A
What is the mode of payment?
Full payment is paid upon contract execution.
What are the average transaction (closing) costs?
Varies from case to case.
Freehold.
What is the terminology of the purchase agreement?
Sale & Purchase Agreement
What is the average cost?
N/A
What is the agency fee and who pays?
4% paid by buyer.
What is the typical LTV?
N/A
What is the average borrowing rate?
N/A
What is the mode of payment?
Full payment is paid upon contract execution.
What are the average transaction (closing) costs?
Varies from case to case.
What is the average clear ceiling height?
28' - 32'
Average number of dock doors?
N/A
Typical column spacing?
N/A
Average parking ratio?
N/A
Sprinkler system?
N/A
What is the typical power supply?
N/A
28' - 32'
Average number of dock doors?
N/A
Typical column spacing?
N/A
Average parking ratio?
N/A
Sprinkler system?
N/A
What is the typical power supply?
N/A
CBRE Americas Industrial & Logistics Occupier Guide