Buenos Aires Office, Logistics Markets Stabilize as Investors Lock In Prime Space

JPMorgan Chase signed Argentina's largest corporate rental agreement in 20 years by leasing 20 floors in a new Núñez office campus scheduled for delivery in 2026-2027. The deal positions the bank among the first major tenants to secure space in a project that reflects renewed developer confidence in the city.

Macroeconomic stabilization and rental deregulation have drawn regional capital into Argentine projects this year. Developers report that these policy shifts have lowered barriers that previously stalled large-scale commitments, allowing funds to move faster on sites already in planning.

Office and logistics absorption signals demand

Buenos Aires absorbed more than 81,000 m² of Class A office space in the first half of 2025, pushing vacancy down to 18 percent even as new buildings entered the market. The logistics sector opened 2026 with 15,170 sqm of net absorption and a vacancy rate of 6.5 percent, while asking rents held steady at USD 7.2 per square meter per month.

Property sales across Buenos Aires rose 35 percent year-over-year in early 2026, reaching the highest level recorded since 2018 after a decade of subdued activity. GNV Group's US$370 million Udaondo development in the city has already attracted outside investors seeking exposure to the recovering segment.

Who secures space now gains long-term positioning

Tenants and capital partners that complete leases or acquisitions in the current window lock in terms before further supply or price adjustments occur. Market data from Cushman & Wakefield and local transaction records show that early commitments in Núñez and comparable submarkets have coincided with the measured drop in vacancy.

Developers and occupiers monitoring the next delivery cycle can track absorption trends through quarterly Cushman & Wakefield reports and sales filings released by the city to time additional moves.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.