• PROVIDING A STRATEGIC ADVANTAGE Through Technology & Processes
  • EXPERIENCE QUALITY Under One Brand with A Single Point of Control
  • UNITING LOCAL COMMERCIAL Real Estate Experience with Global Execution
  • DELIVERING RESULTS Through Collaboration & Integration

Venezuela

Venezuela

Venezuela is one of Latin Americas most urbanized societies, having almost 85% of its population in cities. Venezuela has some of the world’s largest oil and natural gas fields, consequently, oil dominates Venezuela’s mixed economy and is responsible for over a third of its GDP. Venezuela’s two largest trade partners are the US and Brazil, with Brazil predicted to overtake the US in oil consumption in the near future.

Venezuela's office market has a low vacancy rate hovering around 1% and the amount of new supply coming on the market in the next few years is not predicted to be enough to alleviate the situation. The uncertain political situation in the country has made investment and new developments scarce,as a result it is becoming more expensive to buy and lease real estate.