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“There are no stores”: the Buenos Aires avenue where brands fight to be present - La Nacion Propiedades
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www.lanacion.com.ar
July 23, 2025
There is an avenue that has a waiting list for a vacant space, according to a report analyzing the commercial market in Buenos Aires.
By Maria Josefina Lanzi
The Buenos Aires avenue that has a waiting list for a vacant spaceSoledad Aznarez - The Nation
In a market that experienced a restructuring of the board following the pandemic due to the rise of e-commerce , some commercial corridors were displaced and still display a large number of empty spaces. However, other areas recovered more quickly, and the "For Rent" signs are still barely hanging. In this regard, one avenue has become a favorite for brands to set up shop and ranks among the most sought-after areas for brands to open a store there.
This was revealed in a report by LJ Ramos, which surveys vacancy and rental prices along the city's main corridors. According to this survey, Cabildo Avenue, between Virrey del Pino and Monroe Avenue, has the lowest vacancy rate in the market, meaning it has the highest demand and the fewest available spaces for rent.
“Cabildo and Juramento provide a lot of clarity about what a consolidated corridor is, and it's an area where all brands want to be. There's practically no availability; it's at pre-pandemic levels, from 2018 and 2019, and it will likely continue to be the area with the highest demand,” says Martín Potito, director of commercial real estate at LJ Ramos.
A commercial center located at the corner of Cabildo and Juramento. Fabian Marelli - LA NACION
In terms of numbers, the vacancy rate was 1.6% in this area, while in other surveyed areas, it is higher: in Palermo Soho, it is 6%; on Santa Fe Avenue, between Pueyrredón and Callao, it is 4%; in Florida, between Plaza San Martín and Rivadavia, it is 5%; on Triunvirato Avenue, between Monroe and Avenida de los Incas, it is 3%; finally, on Rivadavia Avenue, between Avenida La Plata and Colpayo, the vacancy rate is close to that of the most in-demand area, at 2.1%.
It's worth clarifying that, according to a report by Toribio Achával, which adds other corridors to the analysis, Quintana Street (from 0 to 500) has a lower vacancy rate than Cabildo and Juramento, which stands at 1.45%. The same applies to Cerviño Avenue in the Boulevard area, where the vacancy rate is 0%. However, these are areas with fewer properties: 69 in the former and 18 in the latter. In that report, the Cabildo corridor also has a higher vacancy rate than that reported by LJ Ramos, but it's important to explain that it also uses a smaller sample: they surveyed only 301 stores, compared to the 371 reported by LJ Ramos. Furthermore, this is a report that analyzes different variables: the vacancy rate of stores offered for rent and sale, while the LJ Ramos report analyzes only rentals.
The commercial corridor with the least vacancy is the one located in Cabildo, between Moroe and Virrey del Pino. PATRICIO PIDAL/AFV
The curious thing is that, although it is the most in-demand avenue, it does not maintain its place on the podium regarding rental values, since it has an average price of US$32/m², well below the area of Rivadavia Avenue and La Plata Avenue, which is US$47.5/m², or Santa Fe Avenue and Callao with US$45/m², or Palermo Soho, which averages US$40/m². Florida is a little closer to the values of Cabildo and Juramento, since it has a price of US$30/m², like Triunvirato and Monroe, which is located at US$24.8/m².
In this regard, Potito explains that the area of Avenida Rivadavia and La Plata has a pedestrian movement that is difficult to find in other submarkets. “It's a very central area of the city, with a transportation hub that generates a higher level of foot traffic than in other areas, which leads to many companies wanting to be there, and that pushes prices up ,” Potito adds.
This corridor, located in the Caballito area —the neighborhood in the geographic center of the city—is very close to the Sarmiento train, subway lines A and E, and Rivadavia Park, which improves accessibility. It is characterized by a strong presence of the textile industry , representing 29.7% of the total, with stores selling top brands that reinforce its commercial positioning. The financial services and food service sectors are next in line.
Demand for commercial premises is very high today in the Cabildo and Juramento area, and everything that comes onto the market is quickly rented out.Fabian Marelli - LA NACION
It's no small matter that rental prices have been rising today , trying to recover to pre-pandemic levels, and it's difficult for business owners, especially those in restaurants, to cope with the rising rents. "There are many tenants moving in and out, given that they're struggling to cope with the increases, which are adjusted by the CPI and reach very high levels. They can't directly transfer the fixed costs to their products and services, since consumer demand in this sector has slightly decreased today, and people aren't appreciating these increases. Prices have been rising; I think they'll have to level off, otherwise, tenants will be unable to afford the monthly payments and will default," Potito adds.
“Today, the commercial space market is marked by strong rental demand and a slowdown in sales. Commercial space is very difficult to sell because it doesn't offer adequate returns. There are areas where it's easier, due to specific commercial space characteristics, but, in general, sales are difficult and rentals are in high demand. A well-located commercial space rents out very quickly ,” explains Gonzalo Painceira of Toribio Achával.
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Source:
“No hay locales”: la avenida porteña en la que las marcas se pelean por estar
Hay una avenida que tiene lista de espera para conseguir un local libre, así lo reveló un informe que analiza el mercado comercial en CABA
www.lanacion.com.ar
July 23, 2025
There is an avenue that has a waiting list for a vacant space, according to a report analyzing the commercial market in Buenos Aires.
By Maria Josefina Lanzi
The Buenos Aires avenue that has a waiting list for a vacant spaceSoledad Aznarez - The Nation
In a market that experienced a restructuring of the board following the pandemic due to the rise of e-commerce , some commercial corridors were displaced and still display a large number of empty spaces. However, other areas recovered more quickly, and the "For Rent" signs are still barely hanging. In this regard, one avenue has become a favorite for brands to set up shop and ranks among the most sought-after areas for brands to open a store there.
This was revealed in a report by LJ Ramos, which surveys vacancy and rental prices along the city's main corridors. According to this survey, Cabildo Avenue, between Virrey del Pino and Monroe Avenue, has the lowest vacancy rate in the market, meaning it has the highest demand and the fewest available spaces for rent.
“Cabildo and Juramento provide a lot of clarity about what a consolidated corridor is, and it's an area where all brands want to be. There's practically no availability; it's at pre-pandemic levels, from 2018 and 2019, and it will likely continue to be the area with the highest demand,” says Martín Potito, director of commercial real estate at LJ Ramos.
A commercial center located at the corner of Cabildo and Juramento. Fabian Marelli - LA NACION
In terms of numbers, the vacancy rate was 1.6% in this area, while in other surveyed areas, it is higher: in Palermo Soho, it is 6%; on Santa Fe Avenue, between Pueyrredón and Callao, it is 4%; in Florida, between Plaza San Martín and Rivadavia, it is 5%; on Triunvirato Avenue, between Monroe and Avenida de los Incas, it is 3%; finally, on Rivadavia Avenue, between Avenida La Plata and Colpayo, the vacancy rate is close to that of the most in-demand area, at 2.1%.
It's worth clarifying that, according to a report by Toribio Achával, which adds other corridors to the analysis, Quintana Street (from 0 to 500) has a lower vacancy rate than Cabildo and Juramento, which stands at 1.45%. The same applies to Cerviño Avenue in the Boulevard area, where the vacancy rate is 0%. However, these are areas with fewer properties: 69 in the former and 18 in the latter. In that report, the Cabildo corridor also has a higher vacancy rate than that reported by LJ Ramos, but it's important to explain that it also uses a smaller sample: they surveyed only 301 stores, compared to the 371 reported by LJ Ramos. Furthermore, this is a report that analyzes different variables: the vacancy rate of stores offered for rent and sale, while the LJ Ramos report analyzes only rentals.
Why do brands choose Cabildo and Juramento?
“ You have a pedestrian and vehicular flow that minimizes the risks of potential demand; in addition, the surrounding area has a middle and upper-middle socioeconomic level, both among people who live in the area and those who travel through it,” explains Potito. Indeed, the proximity to the subway, the metrobus, and tourist spots like Chinatown enhance this flow of traffic. The report adds that this is an area with a presence of leading and second-class brands, where fashion and textiles, technology, and bookstores predominate, with the presence of emblematic galleries like General Belgrano.
The commercial corridor with the least vacancy is the one located in Cabildo, between Moroe and Virrey del Pino. PATRICIO PIDAL/AFV
The curious thing is that, although it is the most in-demand avenue, it does not maintain its place on the podium regarding rental values, since it has an average price of US$32/m², well below the area of Rivadavia Avenue and La Plata Avenue, which is US$47.5/m², or Santa Fe Avenue and Callao with US$45/m², or Palermo Soho, which averages US$40/m². Florida is a little closer to the values of Cabildo and Juramento, since it has a price of US$30/m², like Triunvirato and Monroe, which is located at US$24.8/m².
In this regard, Potito explains that the area of Avenida Rivadavia and La Plata has a pedestrian movement that is difficult to find in other submarkets. “It's a very central area of the city, with a transportation hub that generates a higher level of foot traffic than in other areas, which leads to many companies wanting to be there, and that pushes prices up ,” Potito adds.
This corridor, located in the Caballito area —the neighborhood in the geographic center of the city—is very close to the Sarmiento train, subway lines A and E, and Rivadavia Park, which improves accessibility. It is characterized by a strong presence of the textile industry , representing 29.7% of the total, with stores selling top brands that reinforce its commercial positioning. The financial services and food service sectors are next in line.
What happened to the other runners?
Florida Street , which for years was a very attractive corridor, is now among the areas with the highest vacancy rates. “It's a place that depends heavily on tourism and offices, something that was hit hard by the pandemic. Currently, it is undergoing a transformation in its tenant profile, as it was characterized by having top brands—whether in the textile or gastronomy sectors—but during the pandemic, they left, and now, as current leases are ending, they are returning,” explains Potito. Today, most of the vacant spaces are large, suggesting greater demand for small spaces. “The price per square meter increased by 7.7% and vacancy decreased by 2% from the beginning of last year to this year, which shows a recovery underway ,” adds the LJ Ramos report.
Demand for commercial premises is very high today in the Cabildo and Juramento area, and everything that comes onto the market is quickly rented out.Fabian Marelli - LA NACION
It's no small matter that rental prices have been rising today , trying to recover to pre-pandemic levels, and it's difficult for business owners, especially those in restaurants, to cope with the rising rents. "There are many tenants moving in and out, given that they're struggling to cope with the increases, which are adjusted by the CPI and reach very high levels. They can't directly transfer the fixed costs to their products and services, since consumer demand in this sector has slightly decreased today, and people aren't appreciating these increases. Prices have been rising; I think they'll have to level off, otherwise, tenants will be unable to afford the monthly payments and will default," Potito adds.
“Today, the commercial space market is marked by strong rental demand and a slowdown in sales. Commercial space is very difficult to sell because it doesn't offer adequate returns. There are areas where it's easier, due to specific commercial space characteristics, but, in general, sales are difficult and rentals are in high demand. A well-located commercial space rents out very quickly ,” explains Gonzalo Painceira of Toribio Achával.
www.buysellba.com
