Can I keep the same density assumption when moving to Santiago?

Not without revalidation. Local density norms differ; loss factors differ; meeting-room intensity expectations differ. Re-run the Office Space Calculator with Santiago-specific defaults.

Moving into Santiago from another Tier 1 market means re-baselining occupancy economics in CLP, re-running headcount density against local norms, and translating lease terminology to local conventions.

Re-baseline occupancy in CLP (then USD for comparison).
Local lease conventions differ — translate terms via the Lease Term Translator.
Density assumptions vary materially by region; revalidate.
Build local counsel and broker relationships before the LOI, not after.

Santiago relocation guide

TL;DR

Re-baseline occupancy in CLP (then USD for comparison).
Local lease conventions differ — translate terms via the Lease Term Translator.
Density assumptions vary materially by region; revalidate.
Build local counsel and broker relationships before the LOI, not after.

Re-baseline economics

Headline Santiago rent is 22000 CLP/sqft/yr ($24 USD). Translate your incumbent occupancy cost-per-seat to the same basis using the Occupancy Cost tool. Most cross-border moves underestimate fit-out">fit-out timeline and overestimate density transferability.

Translate the contract

Net leases. 5-year terms with renewal options. Free rent of 3-6 months and TI of CLP 280,000-500,000/sqm typical. UF (Unidad de Fomento) inflation indexation common. Use the Lease Term Translator to map terminology before reading the LOI.

Build the local stack

Engage a tenant-rep broker, local counsel, an MEP/AV designer with Santiago project history, and a project manager who has run a Class A fit-out in this market in the last 24 months.

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

Can I keep the same density assumption when moving to Santiago?: Not without revalidation. Local density norms differ; loss factors differ; meeting-room intensity expectations differ. Re-run the Office Space Calculator with Santiago-specific defaults.

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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