Tuesday, 7 March, 2023
Demand is up 16 percent across Latin America in 2022 compared to 2021 and as more companies embrace the benefits of hybrid working.
Demand for flexible workspace continues to accelerate across Latin America, as companies use flex to enable hybrid working and to enhance productivity and engagement.
Latin America is one of the hottest markets for startups and investors, corporate occupiers are the ones shaking up the market by creating demand for high quality, larger flexible space. Companies such as Intel, Wipro and Citibank have all increased their presence in Latin America and support centers are relocating from Asia in order to be closer to the US.
With interest in flex space reaching record levels, we expect to see the market grow and diversify at a rapid rate over the coming months.
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Latin America Flex Market Review 2023