Buenos Aires ($14/sqft, 17.4% vacancy) and Miami ($78/sqft, 11.8% vacancy) compete on different axes: Buenos Aires on talent depth and Miami on rent and tax.
Buenos Aires ($14/sqft, 17.4% vacancy) and Miami ($78/sqft, 11.8% vacancy) compete on different axes: Buenos Aires on talent depth and Miami on rent and tax.
| Metric | Buenos Aires | Miami |
|---|---|---|
| Region | Americas | Americas |
| Country | Argentina | United States |
| Class A rent (USD/sqft/yr) | $14 | $78 |
| Class A rent (local) | 14 USD | 78 USD |
| Vacancy | 17.4% | 11.8% |
| Trend | flat | rising |
| Prime yield | 8.8% | 5.4% |
| Premium flex / seat / month (USD) | $280 | $920 |
| Submarkets covered | 5 | 5 |
| Corporate tax | 35% | 21% |
| Metric | Buenos Aires | Miami |
|---|---|---|
| Typical term | 5 yrs | 7 yrs |
| Typical rent-free | 5 mos | 9 mos |
| Lease norms | Net leases. 3-5 year terms. Trophy international leases predominantly USD-denominated with USD payment required. Domestic peso leases include high inflation indexation. | Modified-gross structures dominate; 7-10 year terms are common. Free rent of 6-12 months and TI of $80-$140/sqft typical on a 10-year deal. Personal guarantees common for sub-investment-grade tenants. |
| Tax note | 25-35% Argentine federal corporate income tax (graduated). 21% VAT. Gross income tax (provincial), various municipal taxes. FX restrictions and capital controls historically apply. | 21% federal corporate income tax; no Florida state corporate income tax for most pass-through structures. Florida assesses a 5.5% corporate income tax on C-corps. No personal income tax. |
| Metric | Buenos Aires | Miami |
|---|---|---|
| Talent index (0–100) | 82 | 78 |
| Talent note | Deepest tech engineering and creative talent in Latin America (per capita). Strong feed from UBA, ITBA, UADE. Spanish-English bilingual professional base. Cost arbitrage versus US/Europe is structural — material for tech engineering services. | Strong bilingual (Spanish-English) finance and legal talent. Deep Latin American banking, asset management, and family-office concentrations. Tech talent is shallower than NY/SF but growing rapidly. |
Buenos Aires: Buenos Aires Subte (6 lines), Metrobús (BRT), commuter rail (Sarmiento, Mitre, San Martín, others). Ezeiza International Airport (EZE) bus-served; Aeroparque (AEP) closer to the city.
Miami: Metromover (free downtown), Metrorail to Brickell and Government Center, Brightline regional rail, MIA Mover from Miami International Airport. Brickell and Downtown are walkable; Wynwood and Coral Gables remain car-dependent.
Buenos Aires is the cheaper Class A market on a USD basis.
Buenos Aires has the deeper talent index (82/100 vs 78/100).
Miami has the lower headline corporate tax (21% vs 35%). Local incentives can change the effective rate materially.
Buenos Aires typical term is 5 years with 5 months free; Miami runs 7 years with 9 months free.
Buenos Aires: Buenos Aires Subte (6 lines), Metrobús (BRT), commuter rail (Sarmiento, Mitre, San Martín, others). Ezeiza International Airport (EZE) bus-served; Aeroparque (AEP) closer to the city. Miami: Metromover (free downtown), Metrorail to Brickell and Government Center, Brightline regional rail, MIA Mover from Miami International Airport. Brickell and Downtown are walkable; Wynwood and Coral Gables remain car-dependent.
Score Buenos Aires, Miami and up to two more markets side-by-side on Class A rent, vacancy, talent, corporate tax, and premium flex pricing — all in USD.
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.