Real Estate in Guatemala

Guatemala has experienced Real Estate boom in all segments over the past 5 years. This has been triggered by:

• Low interest rates - 7% p.a.

• Access to long-term capital through financial institutions - up to 20 years

Moreover, the Construction Industry in Guatemala is expected to grow by 40% in 2006. This is one of the industries with the largest growth in the region.

In addition, Guatemala City still has several large parcels of land that are starting to be developed. This means that the growth in the industry should continue for a couple years.

Office Space in Guatemala City

There is abundant class "A" and "B" office space in Guatemala:

• Over 2.6 million existing sq. feet (vacancy around 5%)
• Several projects under construction totaling over 500,000 additional sq. feet.

It is important to notice that Guatemala offers some of the lowest rents in Latin America:

• Class A rent in the range of $7.50 to $11.50 per sq. feet per year.