Palermo was the most expensive neighborhood for apartment rental in Buenos Aires, Argentina as of July 2024, with the average monthly rent exceeding ******* Argentine pesos. On the other end of the scale were Mataderos, Floresta, and Lugano, where rent was under ******* Argentine pesos.
As of December 2023, the monthly rent for a one-bedroom apartment in the city center of Buenos Aires, Argentina, amounted to approximately *** U.S. dollars, whereas a three-bedroom apartment averaged approximately *** U.S. dollars.
In the second quarter of 2023, Catalinas reported the highest average monthly rent for offices among all the areas in Buenos Aires, Argentina. The average monthly rent in Catalinas ranged between ** and ** U.S. dollars per square meter. Conversely, Macrocentro Sur provided the most affordable offices with the lowest monthly rent among all areas, with commercial spaces starting at ** U.S. dollars per square meter.
The average price of a new three-bedroom apartment in Buenos Aires, Argentina, was ******* U.S. dollars per square meter in the third quarter of 2024. The price for large new apartments peaked in 2017, when it reached almost ***** U.S. dollars per square meter. According to the source, the two- and three-bedroom apartments cover almost ********** of the market.
The average monthly rent in Argentina's capital city, Buenos Aires, increased in 2023, but remained below the 2018 levels. As of the second quarter of 2023, the average square meter rent in the major commercial corridors measured **** U.S. dollars per month. Among others, these corridors include Santa Fe, Pueyrredon, Rivadavia, Carabobo, and Florida.
The average price for an apartment in Buenos Aires, Argentina, varied depending on the apartment size. For a *********** apartment with an average size of ** square meter, home buyers paid on average about ****** U.S. dollars in October 2022.
The average sales price of apartments in Buenos Aires has decreased since 2018, when it peaked at ***** U.S. dollars per square meter for a newly built apartment. In December 2023, the average price was approximately *** U.S. dollars lower, at about ***** U.S. dollars. Nevertheless, some areas in Buenos Aires had apartment prices exceeding ***** U.S. dollars per square meter.
The average sales price of apartments in Buenos Aires varied depending on the area, and reached as high as ***** U.S. dollars per square meter for newly built apartments in Puerto Madero in July 2024. The second and the most expensive neighborhood was Palermo, with an average price of about ***** U.S. dollars per square meter for newly built apartments and ***** U.S. dollars for existing apartments. Overall, apartment prices in Buenos Aires have declined since their peak (2018 to 2019).
The south zone of Buenos Aires had the highest rent for class A industrial and logistics real estate in 2023. A square meter of warehousing in the east zone was ***** euros per square meter per month in the second half of the year. The north zone, which concentrated most of the industrial and logistics real estate stock of the city, had lower rent amounting to *** U.S. dollars per square meter.
In December 2022, the monthly rent for a one-bedroom apartment in the city center in Argentina cost approximately 273 U.S. dollars, whereas a three-bedroom apartment in the same location averaged 494 U.S. dollars.
Buenos Aires, Argentina, was the least affordable city in South America in the first half of 2022 to buy an apartment. The ratio measures the number of years needed for a two-earner household where one person works full time and one person works half-time to buy a 90-square meter apartment. It assumes the property has the average square meter price for the city and that home buyers earn the average net salary. Montevideo, Uruguay, was one of the most affordable cities, where it took about nine years to buy an apartment.
The average asking rent for office real estate decreased across all major markets in Latin America between the first half of 2019 and the second half of 2022. Buenos Aires had the most expensive office space at **** U.S. dollars per square meter per month. Mexico City followed closely with monthly rent of ***** U.S. dollars per square meter.
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Palermo was the most expensive neighborhood for apartment rental in Buenos Aires, Argentina as of July 2024, with the average monthly rent exceeding ******* Argentine pesos. On the other end of the scale were Mataderos, Floresta, and Lugano, where rent was under ******* Argentine pesos.