MEXICO CITY-Investors are concentrating on three growing office markets here and in Bogota, Colombia; Buenos Aires, Argentina, according to a new report by Jones Lang LaSalle. The report comes as CRE experts gather here today at the World Economic Forum on Latin America.

Hector Klerian, director of JLL Mexico, tells GlobeSt.com that dynamic industry drivers, high levels of new supply and increasing absorption will continue to boost Latin America’s appeal.
“Latin America is the ‘region of the future’ with strong potential for growth and expansion as the regions of 3-4% GDP growth rate over the past several years looks strong in comparison with much of the rest of the world,” he says. “Colombia, Argentina and Mexico are quickly gaining traction as up-and-coming destinations for those seeking the best returns on investment. There is a stark contrast by market, however, one common thread holds true for all three markets -- if you are willing to take a little risk, the opportunities are endless.”

He says Mexico City’s sound economic fundamentals, healthy demand and significant size make it a prime investment market that should not be overlooked. “The narrowing gap in expectations from potential buyers and sellers, and the increased availability of financing at competitive rates in Mexico City makes the region a strategic center for international and local investment opportunities,” Klerian says. “In the coming years, we expect local pension funds to bring a very large pool of resources into the Mexican real estate sector.”