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Neighborhood by neighborhood: What is the price of a garage to buy in Buenos Aires? - La Nacion Propiedades
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www.lanacion.com.ar
June 13, 2025
At a time when many are wondering where to allocate their "mattress dollars," interest is resurfacing in investment models such as garages, with low cost, low maintenance, and a secure income.
By Maria Josefina Lanzi
The investment of buying a garage to rent requires a lower amount than an apartment and demands less maintenance.Shutterstock
In a context where real estate has regained its appeal as an investment option, as rental yields have increased over the past year, many are starting to look at this sector again as a way to stretch their savings. And although the traditional or best-known investment model is apartments , there are many sectors within this market that also generate profit and even offer a lower down payment than an apartment.
Indeed, if we analyze the apartments, we can see that the return on investment in these properties grew last year , going from 4.24% in July to 5.37% in May , according to Zonaprop.
In the case of parking spaces, profitability also increased. “Since the dollar was flat, the pesos generated by real estate are now enough to buy more dollars. Furthermore, since the rental law was repealed and contracts can be freely negotiated, the relationship between the cost of the parking space and the rental income is more attractive ,” explains Alan Flexer, development and residential manager at Narvaez.
Garages are an investment that requires little maintenance by the owner.Fahroni - Shutterstock
One of the attractions of garages, as opposed to apartments, is their much lower entry fees. According to Zonaprop, an average 40 m² studio apartment was listed for US$106,631 in May, so it's difficult for anyone without a US$100,000 loan or a US$100,000 loan to access this type of property.
However, parking space prices are lower, which lowers the barrier to entry for this investment . For example, a report by Reporte Inmobiliario shows that in Belgrano, between Cabildo and Virrey Vértiz, and Juramento and Iberá avenues, parking spaces in brand-new developments start at US$35,000 and reach US$40,000 , depending on the development and the specific location within the buildings. However, in a neighborhood with lower square footage, such as Almagro, parking spaces within developments are priced between US$30,000 and US$35,000.
It's worth noting that garages require less maintenance than apartments and save landlords headaches by avoiding complaints from tenants due to potential problems or repairs to the property. However, one specialist highlights the key factor to consider to ensure a significant return. "What truly determines whether it's a good investment or not is the type of expenses each garage pays. Some include expenses such as an elevator, water, and others, which lower the profitability. For the analysis, it's important to understand where the garage is located; if it belongs to a building with many amenities and services, they will likely be included as part of your expenses," adds Flexer.
The value of the garages varies, depending on the area in which they are located.Ricardo Pristupluk
“It's a very local issue, an investment that requires very good knowledge of the area . You could have a block where they're suddenly asking US$60,000/$70,000 per month for a parking space, and maybe 200 meters away, you find buildings with more availability and they're asking US$40,000/$30,000. It's all relative,” explains Germán Gómez Picasso, director of Reporte Inmobiliario. However, he clarifies that, according to his surveys, in general, new developments “ are asking between US$30,000 and US$45,000 in capital, not counting Puerto Madero, where it can rise to US$70,000/$80,000.”
He also explains that it's important to know building regulations, as some allow parking spaces to be rented to any tenant, but others only allow the use of parking spaces to the building's owners and prohibit rentals to outsiders.
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Source:
Barrio por barrio: cuál es el precio de una cochera para comprar en Buenos Aires
En un momento en que muchos se preguntan dónde destinar los “dólares bajo el colchón”, resurge el interés en modelos de inversión como las cocheras, con bajo costo, poco mantenimiento y renta segura
www.lanacion.com.ar
June 13, 2025
At a time when many are wondering where to allocate their "mattress dollars," interest is resurfacing in investment models such as garages, with low cost, low maintenance, and a secure income.
By Maria Josefina Lanzi
The investment of buying a garage to rent requires a lower amount than an apartment and demands less maintenance.Shutterstock
In a context where real estate has regained its appeal as an investment option, as rental yields have increased over the past year, many are starting to look at this sector again as a way to stretch their savings. And although the traditional or best-known investment model is apartments , there are many sectors within this market that also generate profit and even offer a lower down payment than an apartment.
Indeed, if we analyze the apartments, we can see that the return on investment in these properties grew last year , going from 4.24% in July to 5.37% in May , according to Zonaprop.
In the case of parking spaces, profitability also increased. “Since the dollar was flat, the pesos generated by real estate are now enough to buy more dollars. Furthermore, since the rental law was repealed and contracts can be freely negotiated, the relationship between the cost of the parking space and the rental income is more attractive ,” explains Alan Flexer, development and residential manager at Narvaez.
Garages are an investment that requires little maintenance by the owner.Fahroni - Shutterstock
One of the attractions of garages, as opposed to apartments, is their much lower entry fees. According to Zonaprop, an average 40 m² studio apartment was listed for US$106,631 in May, so it's difficult for anyone without a US$100,000 loan or a US$100,000 loan to access this type of property.
However, parking space prices are lower, which lowers the barrier to entry for this investment . For example, a report by Reporte Inmobiliario shows that in Belgrano, between Cabildo and Virrey Vértiz, and Juramento and Iberá avenues, parking spaces in brand-new developments start at US$35,000 and reach US$40,000 , depending on the development and the specific location within the buildings. However, in a neighborhood with lower square footage, such as Almagro, parking spaces within developments are priced between US$30,000 and US$35,000.
It's worth noting that garages require less maintenance than apartments and save landlords headaches by avoiding complaints from tenants due to potential problems or repairs to the property. However, one specialist highlights the key factor to consider to ensure a significant return. "What truly determines whether it's a good investment or not is the type of expenses each garage pays. Some include expenses such as an elevator, water, and others, which lower the profitability. For the analysis, it's important to understand where the garage is located; if it belongs to a building with many amenities and services, they will likely be included as part of your expenses," adds Flexer.
What determines the price of a garage?
As mentioned before, the location will strongly determine the value of a garage . This can be understood in two ways: location, taking into account whether it's an old building, a new one, or a construction site, and location, considering the area in which it's located (its typical traffic, the availability of parking, and therefore, the demand).
The value of the garages varies, depending on the area in which they are located.Ricardo Pristupluk
“It's a very local issue, an investment that requires very good knowledge of the area . You could have a block where they're suddenly asking US$60,000/$70,000 per month for a parking space, and maybe 200 meters away, you find buildings with more availability and they're asking US$40,000/$30,000. It's all relative,” explains Germán Gómez Picasso, director of Reporte Inmobiliario. However, he clarifies that, according to his surveys, in general, new developments “ are asking between US$30,000 and US$45,000 in capital, not counting Puerto Madero, where it can rise to US$70,000/$80,000.”
He also explains that it's important to know building regulations, as some allow parking spaces to be rented to any tenant, but others only allow the use of parking spaces to the building's owners and prohibit rentals to outsiders.
Neighborhood by neighborhood: What is the price of a garage to buy in Buenos Aires?
The Real Estate Report platform surveys property prices in different areas of Buenos Aires and publishes monthly values. Below are some of these surveys, indicating the neighborhood they cover and the date the survey was conducted:- Puerto Madero : According to February 2025 figures, for new developments located in the area bordered by Elvira Rawson Dellepiane Avenue, Pierina Dealessi, Blvd. Azucena Villaflor and Julieta Lanteri, parking space offers average around US$57,000 for each individual space, depending on the development and the relative location of the garage within it.
- Palermo Soho : According to January 2025 figures, for developments under construction located in the area bordered by Juan Bautista Justo, Scalabrini Ortiz, Santa Fe, and Córdoba Avenues, parking spaces within the developments are being asked for between US$30,000 and US$45,000 .
- Colegiales : between Avenida de los Incas, Forest, Federico Lacroze and Crámer, there are several works under construction or recently completed, with parking spaces that were located in May 2025 between US$35,000 and US$40,000 dollars , depending on the particular conditions of each project.
- Almagro : In this neighborhood, in the area between Rivadavia Avenue to the south, Córdoba Avenue as the northern boundary, and Medrano Avenue and Gallo Street as the western and eastern borders, respectively, there are 31 horizontal real estate developments with varying degrees of completion. According to the survey dated March 2025, parking spaces within the developments are priced between US$30,000 and US$35,000 , in line with last year's price expectations.
- Parque Centenario : In Caballito Norte, around Centenario Park, there are projects with varying progress, with covered parking spaces priced between US$23,000 minimum and US$30,000 maximum.
- Olivos : According to a survey analyzing projects underway, under construction with varying progress, and others already completed, along the Avenida del Libertador corridor, from San Martín Avenue to Díaz Vélez Street, parking spaces are priced between US$30,000 and US$39,000 , depending on the project. It states that last year, parking spaces were available for US$20,000, but they are no longer available this year.
- Tigre : In the northern suburbs of Buenos Aires, parking spaces are currently being asked for between US$14,000 and US$30,000 in the developments surveyed (located mainly between Cazón Avenue, Luis Pereyra Street and the Costa Train tracks).
- Quilmes : Towards the south of the capital, in a central area of Quilmes, bordered by Paso Street and Mitre, Hipólito Yrigoyen and Rivadavia avenues, a garage is priced at between US$20,000 and US$30,000.
- Ramos Mejía : Going west of CABA, in the area of the Buenos Aires suburbs bordered by Avda. Rivadavia, Alvear Street, Castelli and Pueyrredón, there are projects with covered parking spaces that, as in recent years, remain in the range of US$20,000 to US$25,000.
- While currently on the Zonaprop portal, you can find parking spaces in different locations in CABA for a minimum price of US$9,000 and a maximum of US$32,000
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