Quick reference: Santiago Class A rent is 22000 CLP/sqft ($24 USD), typical term 5 years, 4 months free.
Class A rent: 22000 CLP/sqft/yr ($24 USD).
Typical term: 5 years.
Typical rent-free: 4 months.
Vacancy: 9.4%.
Santiago Class A office: frequently asked questions
Quick reference: Santiago Class A rent is 22000 CLP/sqft ($24 USD), typical term 5 years, 4 months free.
TL;DR
Class A rent: 22000 CLP/sqft/yr ($24 USD).
Typical term: 5 years.
Typical rent-free: 4 months.
Vacancy: 9.4%.
Quick reference
Use this page as the fast-answer reference for Santiago. Deep coverage lives on the city page, the topic pages, and the comparison views.
Key facts
city
Santiago
country
Chile
region
Americas
classARentLocal
22000 CLP/sqft/yr
classARentUsd
$24/sqft/yr
vacancy
9.4%
typicalLeaseYears
5
typicalRentFreeMonths
4
submarkets
5
primeYieldPct
6.6%
Frequently asked questions
What is the UF indexation?
Unidad de Fomento is Chile's inflation-indexed unit of account. Most Class A leases (and many other long-term contracts) are denominated in UF rather than nominal pesos to provide automatic inflation adjustment.
Why is Santiago so tight?
A combination of (a) structural mining demand, (b) limited new construction, (c) wealthy domestic capital base, and (d) strong demand from MNC regional HQs serving the Pacific Alliance markets.
What is Sanhattan?
Sanhattan is the colloquial name for the Las Condes financial district — the densest concentration of Class A trophy product in Chile.