Lima, Peru

 

Lima and its Commercial Real Estate Market are unique in many respects. Did You Know...

•   Lima is both the capital and largest city in Peru. It has a metropolitan population of over 8 million residents.

•   The city of Lima is the center of industrial, financial, and retail activities of the nation. With nearly 30 percent of the country's population, Lima dictates the national economy by contributing to more than the two-thirds of the GDP. 

•   Today, Lima is one of South America's best performing economies with strong economic growth fueled by its agricultural and mining industries. The city also has a strong export oriented market, which consists of its main industries: textile, paper, and food products.

•   Low inflation continues to attract domestic and foreign investments in tourism, agriculture, mining, petroleum and natural gas, power industries, and financial institutions.

•   The city's major seaport is Callao, which is the center of Peru's export trade in metals, minerals, petroleum, coffee and fish products. Major international trading partners include the USA, China, UK, Chile, Japan, Brazil, and Columbia.

•   The San Isidro Via Expressa area contains 60% of the total class A office retail space. It has approximately 2,153,000 square feet of rentable space available in 16 of Lima's best first-rate buildings. 

•   Commercial retail development projects have started in San Isidro district due to the high quality services available.  It is also the most preferred residential area for foreign personnel.  La Molina, located in the eastside of the CBD, is poised to become Lima's next market for Class A offices.  It contains 14% of total Class A office space, roughly 505,903 square feet of rentable space located in two prime buildings. 

•   MiraFlores is Lima's retail commercial center and top tourist destination. This area also contains some of the city's most prime office locations encompassing 7% of the total class A office space, approximately 247, 569 square feet of rentable space.