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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: 2-Nov-2010		 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) VEB 350.00 VEB 520.00 VEB 380.00 $ 7.56 $ 11.23 $ 88.37 2.8% 20.0%
Class A (Prime) VEB 280.00 VEB 350.00 VEB 310.00 $ 6.05 $ 7.56 $ 72.09 3.9% 18.0%
Class B (Secondary) VEB 180.00 VEB 280.00 VEB 240.00 $ 3.89 $ 6.05 $ 55.81 3.5% 18.0%
 
Suburban Office
New Construction (AAA) N/A N/A N/A N/A N/A N/A N/A .0%
Class A (Prime) N/A N/A N/A N/A N/A N/A N/A .0%
Class B (Secondary) N/A N/A N/A N/A N/A N/A N/A .0%
 
Industrial
Bulk Warehouse VEB 80.00 VEB 150.00 VEB 100.00 $ 1.73 $ 3.24 $ 23.26 N/A 24.0%
Manufacturing N/A N/A N/A N/A N/A N/A N/A .0%
High Tech / R&D N/A N/A N/A N/A N/A N/A N/A .0%
 
Retail
Downtown VEB 205.00 VEB 390.00 VEB 326.00 $ 4.43 $ 8.43 $ 75.81 N/A 16.0%
Neigborhood Service Centers N/A N/A N/A N/A N/A N/A N/A .0%
Community Power Center N/A N/A N/A N/A N/A N/A N/A .0%
Regional Malls N/A N/A N/A N/A N/A N/A N/A .0%

Development Land Low/ M2 High/ M2 Low/Acre High/Acre
Office in CBD N/A VEB 7,800.00 N/A $ 7,340,820.66
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 VEB 250.00 VEB 3,500.00 $ 235,282.71 $ 3,293,957.99

Conversion 4.30VEB = 1 US$


Footnote: Amounts shown in Bolivars.
 

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