Market Report -- Quito, Ecuador

Market Research

Properties

Quito, Ecuador

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Promotora Colon/Ernesto Gamboa & Asociados
Last Updated: 6-Jan-2007

* Click on each category for a detailed definition.

	RENT/M2/MONTH			RENT/SF/YEAR
	Low	High	Effective Avg.	Low	High	Effective Avg.	Vacancy	Investment Yield
Downtown Office
New Construction (AAA)	$ 12.00	$ 15.00	$ 13.00	$ 13.38	$ 16.72	$ 14.50	10.0%	N/A
Class A (Prime)	$ 8.00	$ 10.00	$ 9.00	$ 8.92	$ 11.15	$ 10.03	10.0%	N/A
Class B (Secondary)	$ 5.00	$ 8.00	$ 6.00	$ 5.57	$ 8.92	$ 6.69	20.0%	N/A

Suburban Office
New Construction (AAA)	$ 12.00	$ 15.00	$ 13.00	$ 13.38	$ 16.72	$ 14.50	50.0%	N/A
Class A (Prime)	$ 4.00	$ 8.00	$ 6.00	$ 4.46	$ 8.92	$ 6.69	50.0%	N/A
Class B (Secondary)	$ 3.00	$ 6.00	$ 4.00	$ 3.34	$ 6.69	$ 4.46	20.0%	N/A

Industrial
Bulk Warehouse	$ 2.00	$ 6.00	$ 3.00	$ 2.23	$ 6.69	$ 3.34	20.0%	N/A
Manufacturing	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
High Tech / R&D	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Retail
Downtown	$ 9.00	$ 15.00	$ 12.00	$ 10.03	$ 16.72	$ 13.38	7.0%	N/A
Neigborhood Service Centers	$ 2.00	$ 4.00	$ 3.00	$ 2.23	$ 4.46	$ 3.34	15.0%	N/A
Community Power Center	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Regional Malls	$ 15.00	$ 20.00	$ 16.00	$ 16.72	$ 22.30	$ 17.84	2.0%	N/A

Development Land	Low/Hectare	High/Hectare	Low/Acre	High/Acre
Office in CBD (per buildable M2/SF)	$ 500.00	$ 1,000.00	$ 47.00	$ 93.00
Land in Office Parks	N/A	N/A	N/A	N/A
Land in Industrial Parks	$ 250,000.00	$ 600,000.00	$ 101,171.00	$ 242,811.00
Office/Industrial Land - Non-park	N/A	N/A	N/A	N/A
Retail/Commercial Land	$ 1,500,000.00	$ 6,000,000.00	$ 607,028.00	$ 2,428,114.00
Residential	$ 200,000.00	$ 3,500,000.00	$ 80,937.00	$ 1,416,400.00

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