Asunción Office Market 2015. Information for investors, landlords, tenants and consultants.

1. 2015
Asunción Office Market
2015
ASUNCIÓN.
Office Market.
The Office market development still in process of evolution By the
end of this year 2015 will be completed with the first major works in Location Inventary (sqm)
Class A+ & A Inventary
new locations
end of this year 2015, will be completed with the first major works in
corporate buildings of the city of Asunción. This no doubt will
change the landscape of the current market
New corridors current distribution
Mcal. Brasilia 6 000
Otros, 12.379
Location Inventary (sqm)
Mcal. López 30.200
España 14.100
Aviadores 42.421
Brasilia 6.000
Otros 12.379
Total 105.100
López, 30.200
Brasilia, 6.000
España, 14.100
Aviadores, 42.421
40.000
45.000
Vacancy A+ & A
0
5.000
10.000
15.000
20.000
25.000
30.000
35.000
Mcal. López España Aviadores Brasilia Otros
Available area
Inventary (sqm)
Asunción Office Market Trends

2. 2015
Asunción Office Market
Offer.
Future supply in the near future and its occupation, is the unknown that makes itself felt in the market of offices of Asunción. Although it is
not an amount of square meters the important who will be entering the market with respect to similar situation in the other countries of the
region, they are novel values for Asuncion
2015
Estimation Projects
Rentable
Area
2015 / 2016
2015 World Trade Center 35.000
2015 Walbaum 3.400
2015 Aymac II 2000,0
2015 American Building 1200,0
2016 Aviadores 1 12.000
2016 Sk C t 6 600
80.600
2016 Sky Center 6.600
2016 Cafepar 400
2016 Blue Tower 20.000
2017 Aviadores I y II 7.489
2017 Torre Las Américas 8.479
2017 Cenit 12.601
2017 Juan XXIII 6.757
2015 Walbaum 3.400
48.580
New 2017/18
Aviadores I y II Torre Las Américas
New 2015/2016
W T C Walbaum
2017 Citabella 9.854
129.180
15%
18%7%
20%
Aviadores I y II Torre Las Américas
Zenit Juan XXIII
Walbaum Citabella
43%
1%
25%
W.T.C. Walbaum
Aymac II American Building
Aviadores 1 Sky Center
Cafepar Blue Tower
18%
26%
14%
7%
4%
2%2%
15%
8%
1%
Asunción Office Market Trends
2%2%
Total sqm. 2015/2016 80.600
Total sqm. 2017/2018 48.580

3. 2015
Asunción Office Market
2015
Supply.
The demand is increasing and the vacancy is almost zero. There are still to wait for the transformation process of the
companies in its handover from the houses and buildings without services for new corporate complexes, accompanied by the
general of the development of shopping centers and hotels.general of the development of shopping centers and hotels.
Rent
We noticed an increase in the lease prices, supported by the lack of vacancy of the
office market.
This generates that each lease contract renegotiation which it is carried out, the tenant
is obliged to increase the value of the lease contract. The new projects to come
(WTC, Blue Tower and Cenit), mark reference in the market and have put the roof on
10
20
( , ), p
the USD20 per m2 and a floor in the USD15 per sqm (asking price)
In some cases and fearing that demand renew their current contracts and the
companies not to go out in search of the new alternatives, which offers the market, the
supply may tend to reduce lease prices seeking greater occupation by reducing the
expected cap-rate. So, that in the end of approx one year, we are going to have a
healthier market with respect to the vacancy.
0
10
12
14
16
18
20
0
2
4
6
8
10
Vacancy & absorption
Today we have to insist with a vacant almost null .
Absorption in these moments is complete. While demand still do not dare to subscribe lease
contracts prior to the termination of the buildings the square meters that are finished are absorbed
Asunción Office Market Trends
contracts prior to the termination of the buildings, the square meters that are finished are absorbed
immediately. We must consider that the amount of meters is not significant with respect to which
comes by the end of 2015 and until 2017.

4. 2015
Asunción Office Market
2015
Projects location
Land value
Location Area approx.sqm USD sqm approx.
Aviadores c/ Sta. Teresa 2.300 $ 1.300
Aviadores y Cervera 2 000 $ 1 300
Approximate market land values
Aviadores y Cervera 2.000 $ 1.300
Mariscal y Rep. Arg 1.700 $ 1.700
Aviadores zona Sheraton 22.000 $ 1.600
Av. España 10.800 $ 800
Asunción Office Market Trends
Aviadores c/ San Martín 2.700 $ 1.500

5. 2015
Asunción Office Market
2015
Land sales values per sqm. (usd)
$ 600
$ 800
$ 1.000
$ 1.200
$ 1.400
$ 1.600
$ 1.800
$ 0
$ 200
$ 400
$ 600
Aviadores
c/ Sta.
Teresa
Aviadores
y Cervera
Mariscal y
Rep. Arg
Aviadores
zona
Sheraton
Av.
España
Aviadores
c/ San
Martín
The trend is showing an increase in the value of the land. This is true not only in the strategic areas of the main
corridors, but you are seeing a similar situation in what could be called a spill toward secondary areas.
Aún se pueden encontrar en estos corredores tierras para desarrollo lo que permite aún un crecimiento mayor pero
asimismo un control de los precios de venta.
The increase in land values, causes an increase in the values of the lease prices market, due to that for the most part, the
players of this type of product are investors . The increase of the land value results in an increase of the final value of the
square meter built and therefore for the purposes of maintaining the same Cap- rate for the project, a higger lease price .
Sale price for projects in USD per sqmSale price for projects in USD per sqm.
Torre de las Américas 1.600,00
Sky Center 1.700,00
Juan XXIII 1.500,00
Aviadores I y II 1.500,00
Cenit 1.800,00
Torre de las Américas 1.600,00
Sky Center 1.700,00
Juan XXIII 1.500,00
Aviadores I y II 1.500,00
Cenit 1.800,00
Asunción Office Market Trends
Citabella 1.500,00
1.600,00
Citabella 1.500,00
1.600,00

6. 2015
Asunción Office Market
2015
Market lease prices evolution
10
15
20
Usd per sqm.
0
5
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Asunción Office Market Trends
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