The occupancy of commercial premises in CABA exceeded 90%

The occupancy of commercial premises in CABA exceeded 90%

Occupied commercial premises in the city of Buenos Aires reached 91.2% of the total in the first four-month periodwith an increase of 0.4 percentage point compared to the previous four-month period, according to a report from the Buenos Aires General Directorate of Statistics and Censuses.

Out of 15,344 stores in the 53 commercial hubs surveyed in the city, there were 13,998 occupied and 1,346 unemployed, the remaining 8.8%, of which 761 (56.5%) were vacant during the survey, 395 (29.3%) for rent or sale and 190 (14.2%) under construction or renovation. Likewise, 5,017 stores (32.7%) were located in the western zone, the rest being divided equally between the south (3,510, 22.9%), the north (3,421, 22.3%) and the center (3,396 , 22.1%).

Of the businesses in activity, 25.3% corresponded to the category of clothing, textiles and footwear, with a strong incidence in the western zone (33.2%) given the presence of arteries dedicated almost exclusively to the sale of clothing, in axes such as Avellaneda avenue and Villa Crespo.

Food and drinks it was the second most relevant item (15.5%) with a percentage that exceeded the average in the axes of the southern and northern zones. Third, ranked food and accommodation (10.7%), with an overrepresentation in the northern (13.6%) and central (12%) axes, due to the preponderance of restaurants, bars and pizzerias.

The study of the occupation in the axes grouped by zone showed the highest record in the hands of the west, with a rate of 92.4% that exceeded the average figure by 1.2 percentage points, although with a drop of 0.3 point. relative to the previous measurement.

The remaining areas showed slight increases in the occupancy rate, with the center being the most significant (+1.2 pp), while the lowest average occupancy was computed in the south, with 89.5%.

The axis that showed the greatest vacancy was the microcenter, where 31.3% of the premises were unoccupied.

“This result contrasts strongly with the historical records of the axis that showed an occupation of around 95% at the end of 2015 and is a direct consequence of the changes in the dynamics of work after the pandemic”indicated the Dgeyc in its report.

The list of hubs with a high vacancy rate was completed with Palermo Hollywoodthe Jujuy Avenue and Avellaneda Parkbut if the indicator of empty stores per block is taken into account, the highest value was recorded on Libertad Street, with 6.2 stores, followed by Sáenz avenue and Florida pedestrian street, with more than 4 empty stores per block .

Instead, occupancy rates were recorded that exceeded the 95% in the avellaneda avenuethe neighborhood of Flowersthe Cabildo Avenuethe neighborhood of little horsethe Cuenca streetthe Santa Fe and Coronel Díaz avenues, Córdoba at the height of the School of Economicsand the crossing of Santa Fe and Callao.

In this last axis, occupancy was the highest for the period and reached 96.7%, while in Avellaneda the highest commercial density was computed, with 46.3 stores surveyed per block. Lastly, employment grew more strongly in Puerto Madero (+5.9 pp), Córdoba Facultad (+5.3 pp) and Florida (+4.3 pp), all axes located in the downtown area of ​​the City.

Meanwhile, in Avellaneda and the Monte Castro neighborhood they showed the worst results in terms of the evolution of premises in activity compared to the last four-month period of 2022.

Source: Ambito

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