The number of premises for rent and sale in the City of Buenos Aires decreased

The number of premises for rent and sale in the City of Buenos Aires decreased

In the two-month period of May-June 2023, the number of empty stores decreased by 14.5% compared to the March-April report. In the year-on-year comparison, meanwhile, the fall was 33.9%.

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According to a survey carried out during the two-month period May-June 2023 by the Argentine Chamber of Commerce and Services (CAC)the number of empty premises in the main commercial areas of the Autonomous City of Buenos Aires registered a drop of 33.9% in relation to what happened in the same two-month period of 2022.

Specifically, during the third two-month period of 2023 a total of 195 stores for sale, rent or closed were detected in the surveyed areas. On the other hand, with respect to the previous measurement, corresponding to March-April 2023, a decrease was also detected, in this case of 14.5%since then the empty premises had been 228.

Analyzing exclusively the premises for rent and sale (that is, those offered) it is observed that, in rent there was a decrease of 25% in relation to the previous period (March-April) and a drop of 53.2% with respect to the same period of 2022, while, for sale there was a drop of 28% compared to the previous two months and a decrease of 14.3% compared to May-June 2022.

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According to the measurement of the Chamber -which has been carried out since 2014-, which included the main commercial arteries of Buenos Aires, there were bimonthly advances in Cabildo (4800-5500) and Corrientes (200-6800) avenues. On the other hand, in the avenues Santa Fe (700-5300); Rivadavia (2000-2800; 4900-5400; 6300-7400; 11000-11600); Cordoba (4000-5300); and Avellaneda (2800-3800); Pueyrredón (0-1200); and in the Florida pedestrian street there were bimonthly setbacks.

Source: Ambito

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