Q1 2026 Industrial y logistics Figures Buenos Aires

Market Context

During the first quarter of the year, it was evident that the market is undergoing a period of change. Greater trade openness at the national level, a reduction in physical inventories, and the redefinition of production strategies across various sectors have led to restructuring processes, operational consolidation, and, in some cases, the return of industrial space.

Net absorption closed at -34,095 sq. m, reflecting a higher release of space relative to lower occupancy levels. As a result, the vacancy rate increased to 9.4%. This rise is mainly explained by the release of previously occupied space rather than by an accelerated expansion of total stock.

In this scenario, rental rates fell to USD 7.1/sq m/month, following a prolonged period of increases linked to a shortage of supply. Greater availability and still-weak demand are beginning to limit the ability to pass on cost increases to prices.

New supply remained limited. During the quarter, 18,000 sq. m were added, confirming that inventory growth continues to be moderate in a market that is moving through a rebalancing phase between supply and demand.