Panama City, Mexico City, and Guadalajara had the highest average apartment rents in 2022 among the selected Latin American cities. To calculate the average rent, the source only considered mid-income areas. To rent an apartment in Panama City, renters would have to pay on average 900 U.S. dollars.

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 23.7 U.S. dollars per square meter per month. Mexico City followed closely with monthly rent of 22.44 U.S. dollars per square meter.

The average asking rent for a square meter of industrial real estate varied among Latin American cities. Mexico City, was the most expensive city in the second half of 2024, with a monthly asking rate of ***** U.S. dollars per square meter. Additionally, Mexico City was one of the LATAM markets with the lowest vacancy rate.

Panama City, Mexico City, and Guadalajara had the highest average apartment rents in 2022 among the selected Latin American cities. To rent an apartment in a mid-income area in Panama City, renters would have to earn at least 2,250 U.S. dollars per month, assuming that rent comprises not more than 40 percent of the monthly income. Córdoba, Argentina, was the most affordable city, with ideal income needed to rent an apartment amounting to 600 U.S. dollars.

Brazil and Argentina are some of the Latin American countries with the highest average square meter price of an apartment as of November 2020. In Brazil, a 120 square meter apartment located in the center of a major city sold at around 4,833 per square meter. Rio de Janeiro is one of the Latin American cities where buying an apartment is most expensive.

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.

Apartment rents per square meter in Greater Santiago, Chile in the third quarter of 2022 ranged between approximately six and 10 U.S. dollars depending on the commune. Lo Barnechea and Vitacura were the most expensive communes for apartment rental, with the average rent exceeding nine U.S. dollars per square meter. At the other end of the scale were Independencia and Estación Central, where the monthly rent was slightly below six U.S. dollars.

The average annual rent for manufacturing space in South Florida declined slightly in the first quarter of 2024, after rising for three years in a row. In 2024, the rental cost amounted to nearly 13.4 U.S. dollars per square foot. That was higher than the average rent for manufacturing space in the United States.

The average rent for warehouses and distribution centers in South Florida declined slightly in 2024, after peaking in 2023. In the first quarter of 2024, the average rent amounted to 16.62 U.S. dollars per square foot. That was higher than the average warehouse rent in the United States.

The average monthly asking rent per square foot of shopping center real estate in the leading markets in Texas increased between 2020 and 2024. Although this trend was observed in all four major markets, Austin recorded the highest rent in 2024, at 30.5 U.S. dollars per square foot. This was higher than both the national average and the average for the South region.

The average Class B asking rent for office real estate in Manhattan in the fourth quarter of 2023 was 67.81 U.S. dollars per square foot. The district that reported the highest average Class B rent was Midtown South, where a square foot of space cost 74.02 U.S. dollars. Between the fourth quarter of 2022 and the fourth quarter of 2023, rents in Midtown South increased, while in Midtown and Downtown, they declined.

In Texas, Austin was the most expensive market for office space in the second quarter of 2024. The rental rate of class A offices was nearly 52 U.S. dollars per square foot, compared to 26 U.S. dollars per square foot for El Paso. Dallas, which is the largest office real estate market in the state, had rental rates of about 30.3 U.S. dollars for all classes and 35.7 U.S. dollars for class A offices. In the United States, Manhattan, San Francisco, and Silicon Valley-South Bay fetch the highest office rental rates.