Microcentro is a prime-tier Class A submarket of Buenos Aires with average asking rent around $12/sqm/mo · ≈ $13.4 PSF/yr USD.
Historic CBD core. · Tier: prime · Avg rent: $12/sqm/mo · ≈ $13.4 PSF/yr USD
Microcentro anchors Buenos Aires's historic CBD core — heritage Class A, deep banking and government tenancy, and the city's traditional financial-services density.
Banking, government, traditional professional services, retail HQs.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Florida (L B), Diagonal Norte (L C), Lavalle (L B).
Multi-modal transit captures the metro's principal professional catchment.
Florida pedestrian street, Galerías Pacífico, Plaza de Mayo.
Microcentro is one of 5 Class A submarkets we cover in Buenos Aires, classified as prime tier with an average asking rent around $12/sqm/mo · ≈ $13.4 PSF/yr USD. Compared with the broader Buenos Aires Class A stock, Microcentro typically attracts Banking, government, traditional professional services, retail HQs and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Microcentro: Catalinas Norte, Puerto Madero, Palermo (Soho & Hollywood), Zona Norte (Suburbs). The full Buenos Aires submarket atlas is at /cities/buenos-aires.
For an institutional Class A occupier evaluating Microcentro, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Buenos Aires Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.