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News release

Buenos Aires

The World Economic Forum meets in Medellin on June 16 and 17

JLL will be discussing the real estate industry across the region

​Shannon Robertson, our Regional Director, will be attending the WEF in Medellin where he will discuss the current situation and future trends in the real estate industry across the region. 

He will comment on the findings of our latest Office Report

  • Several countries are hit by falling commodity prices, struggling export demand, and tightening US monetary policy.
  • Office markets across the region are experiencing high vacancy and stagnant rents.
  • In 2015 several Latin American countries saw stagnant growth and a few -Brazil, Puerto Rico, and Venezuela -saw their economies contract. 
  • Rents have fallen nearly across the board in Latin America, in line with rising production and stagnant demand. This has been intensified by exchange rate devaluations, which have affected some countries more than others.
  • Santiago, Lima, and Bogotá, three major markets that have been landlord-favorable for the past decade, are now moving towards a more tenant-favorable dynamic.
  • Seven of the ten most active markets in terms of demand belong to the Pacific Alliance, a reflection of the relatively optimistic outlook in these countries.
​For more information on the World Economic Forum on Latin America, visit our dedicated event page​.