In these times of turbulence and uncertainty How is the real estate market moving in Chile? The Real Estate Report prepared by the Chilean Association of Investment Fund Administrators (ACAFI) and the real estate company CBRE shows some clear trends..

The multifamily format The multifamily format-apartment buildings dedicated exclusively to leasing-is one of the most outstanding, with an annual growth rate of 30% and an occupancy rate of 97.2%. 30% annual growth and an occupancy rate of 97.2%.. For the period 2022-2024, the report expects the entry of 46 new projects to the stock, almost half of which will be completed by 2022.almost half of which will be completed during 2022.

Another booming segment of the real estate market Another booming segment of the real estate market is warehousingwhich recorded a record low vacancy rate of 0.46% in the first half of 2022. vacancy rate is at an all-time low of 0.46% in the first half of 2022, which in practice represents practically zero availability.In practice, this represents practically zero availability.

"Six-month net absorption reached 145,882 sq m, slightly above the average of the last 5 years. The low volume does not reflect the intense demand for space, but is a symptom of an undersupplied market. undersupplied market and that suffers from the contraction in production registered from 2019 onwards, a process propitiated by the low volume of building permit approvals in previous periods.the report states.

In contrast, the Class A office market shows a very different trend.. Post-pandemic changes in the way we work have significantly impacted this segment. The vacancy rate continues to rise-from 8.21% in 2Q 2021 to 11.12% in 2Q 2022-and prices continue to decline -from a list price of 0.57 UF per square meter in 2Q 2021 to 0.50 UF in 2Q 2022. A decisive fact of the trend changes is that the B office market, which in the first half of the year has started to show a slight decline in the vacancy rate, from 12.96% in 1Q 2021 to 12.67% in 2Q 2022.

You can see the full report here