In the denominated "garden" towers, which include services and compound security the average price for a brand new flat, in Montevideo, is in the range of US$ 1,200 to US$ 1,500 per square meter (11 square feet) depending on the zone, materials quality and amenities.
For a similar category in São Paulo, prices range from US$ 3,000 to US$ 5,000 per square meter and in Santiago, the Chilean capital, US$ 1,500 to US$ 2.000. The same towers with amenities and security measures in Buenos Aires go for between US$ 1,800 and US$ 2,500.
Regarding office space, in Montevideo the highest category is selling from US$ 1,700 to US$ 3,000 a square meter with a monthly rent of US$ 14 to US$ 25 per square meter. In Santiago, prices range from US$ 1,850 to US$ 2,500.
In São Paulo, top office rents reach US$ 30 to US$ 50 per square meter and sell at US$ 2,500 to US$ 4,000 a square meter. In Buenos Aires the average rent is US$ 32 per square meter and the selling price is above US$ 2,500.
Commercial outlets rent for US$ 19 to US$ 30 per square meter in Santiago; US$ 25 to US$ 100 in São Paulo; 10 to 30 in Montevideo and 20 to 50 in Buenos Aires.
Construction costs of an average building in Montevideo is in the range of US$ 650 per square meter, while in Buenos Aires in the more consolidated areas it jumps to US$ 1.000, but for average quality ranges between US$ 600 and US$ 650 plus taxes.
Mercopress