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Caracas, Venezuela

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

Market Research provided by NAI Ferca
Last Updated: 22-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
RENT/M2/YEAR RENT/SF/YEAR
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) Bs. 240.00 Bs. 350.00 Bs. 260.00 $ 10.37 $ 15.12 $ 120.93 1.8% N/A
Class A (Prime) Bs. 163.00 Bs. 220.00 Bs. 180.00 $ 7.04 $ 9.51 $ 83.72 .6% N/A
Class B (Secondary) Bs. 137.00 Bs. 190.00 Bs. 150.00 $ 5.92 $ 8.21 $ 69.77 2.3% N/A
 
Suburban Office
New Construction (AAA) N/A N/A N/A N/A N/A N/A N/A N/A
Class A (Prime) N/A N/A N/A N/A N/A N/A N/A N/A
Class B (Secondary) N/A N/A N/A N/A N/A N/A N/A N/A
 
Industrial
Bulk Warehouse Bs. 21.00 Bs. 44.10 Bs. 35.00 $ .91 $ 1.91 $ 16.28 N/A N/A
Manufacturing Bs. 9.80 Bs. 23.09 Bs. 18.90 $ .42 $ 1.00 $ 8.79 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 Bs. 70.00 Bs. 250.00 N/A $ 3.02 $ 10.80 N/A N/A N/A
Neigborhood Service Centers N/A N/A N/A N/A N/A N/A N/A N/A
Community Power Center N/A N/A N/A N/A N/A N/A N/A N/A
Regional Malls Bs. 55.00 Bs. 82.00 N/A $ 2.38 $ 3.54 N/A N/A N/A

Development Land Low/ M2 High/ M2 Low/ M2 High/ M2
Office in CBD N/A Bs. 6,000.00 N/A $ 2,790.70
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks N/A N/A N/A N/A
Office/Industrial Land - Non-park N/A N/A N/A N/A
Retail/Commercial Land N/A N/A N/A N/A
Residential Bs. 210.00 Bs. 2,800.00 $ 97.67 $ 1,302.33

Conversion 2.15Bs. = 1 US$


 

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