RIO DE JANEIRO—Latin America continues to see growth in new projects and leasing activity, led by preparation in Brazil for the 2016 Olympic Games, as well as investors drawn to the emerging markets in the rest of South America and the Caribbean.

Hector Klerian, director of JLL Mexico, said at a recent World Economic Forum event that dynamic industry drivers, high levels of new supply and rising absorption will continue to boost the area's appeal.

"Latin America is the 'region of the future' with strong potential for growth and expansion, and the region's 3% to 4% GDP growth rate over the past several years looks strong in comparison with much of the rest of the world," he said. "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're willing to take a little risk, the opportunities are endless."

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