The partial certificate of occupancy of a new phase of the Costanera Center project is boosting the Class A market supply, by adding 10,000 sq.m. to the current stock. Such entries are not sufficient to stop the steady decline of vacancy rates, which have kept falling for four consecutive years. The low-production scenario remains unchanged, anticipating a constrained market for next years.

 

On the other hand, the Class B  Market responds to such scenario by pushing the development of medium-scale projects that would renew the supply of the most traditional sub-markets.