Manya Rathore
Research expert covering India
Commercial real estate in Latin America - statistics & facts
While often overshadowed by the colossal commercial real estate markets in other parts of the world, Latin America's commercial real estate sector offers unique opportunities to investors and stakeholders. The Latin American commercial real estate market was approximately one-tenth the size of the estimated market in the United States and Canada in 2022. Nevertheless, the region has a growing population and an expanding economy, revealing future growth potential. Another key strength lies in the proximity to the U.S. market, making Latin America, and especially Mexico and the Caribbean, an appealing choice for businesses seeking to leverage the advantages of nearshoring. Nearshoring, the practice of outsourcing manufacturing or services to a close geographical location, has seen a surge in popularity since the coronavirus pandemic disrupted global production and trade.
