InvestChile Blog

FDI news | Policies & Tools | Business data analysis | Investment location trends

Office rentals in Santiago cheaper than in Buenos Aires or Sao Paulo

InvestChile - February,23,2018

According to a study by the Newmark Knight Frank consultancy company, office rentals in Santiago average US$24.32 per square meter.

800oficinas.jpgOn the cost of office rentals, the Chilean capital ranks fifth, after Río de Janeiro, Sao Paulo, Buenos Aires and Mexico City, with rentals that are slightly above the regional average of US$22.94 per square meter.

The report also highlights Chile’s economic situation, particularly year-on-year growth in November (3.2%), the 2.9% increase in mining output and the 30.1% increase in the price of copper in 2017, as having a positive effect on the office rental market. 

According to the data gathered by the consultancy company, high demand was reflected in a vacancy rate that, at 5.7% in 2017, was the lowest in Latin America.

Referring to the conditions for renting office space in Santiago as compared to other cities, Ignacio Errázuriz, Newmark’s consultant for Chile, told the El Mercurio newspaper that the city has a quite mature office market, unlike other South American markets, and “in some way, has tended to stabilize rents and vacancy because, basically, economic agents have already internalized the surface area that will be demanded in the future.” 

To learn more about why overseas companies are establishing operations in Chile, download our publication, "Chile, the place to build your future".

Download our publications

Topics: Articles- Doing Business in Chile



We are the government agency responsible for promoting Chile in the global market as a destination for foreign direct investment, serving as a bridge between the interests of overseas investors and the business opportunities the country offers and providing world-class services that are in line with the country’s economic development policies.

Previous Post

BBC highlights quality of life and ease of doing business in Chile

Next Post

Creation of companies in Chile increased by 8% in 2017


Subscribe to our newsletter

Receive in your e-mail publications and news about how to guide your investment project in Chile

Subscribe to Our Newsletter

You can also subscribe here to our monthly Investment Review Newsletter

100% Privacy. No Spam.

Related Posts

Visas and foreign citizens

We invite you to obtain a complete guide of residence laws and regulations for investors and foreign workers in Chile.
Learn More