Downtown postcards are no longer as bleak as they were a semester ago. The rate of opening of new businesses is sustained in the capital of Salta, to the point that in many cases it is expensive to find premises for rent.
The economic reactivation of the different sectors resulted in the reactivation of the real estate market that has been experiencing a new boom in the search for commercial rentals for a few months.
Currently the level of vacancy of commercial premises is 5%, an average index that historically was handled as an average within the province. Just as pointed out for Get informed the president of the Unique College of Real Estate Brokers of Salta (CUCIS), Juan Martin Biella, in 2018 and 2019, this index reached the 9% of unemployment. Already during the first year of the pandemic it amounted to 11%, reaching its peak in 2021 with the 18%.
Today, the reality is different: “Most of the premises were rented, including those in the galleries, which are the most difficult to rent. The small entrepreneur had a clear picture, he noticed that he could rent at 30% less than market values, “said Juan Martín Biella, noting that”renting today is much cheaper than three years ago “.
“The economy in Salta has been reactivated and we hope that this will continue because there are places like the Federal Capital where everything is closed, abandoned,” adds the president of CUCIS and points out that the signs of this recovery began to be seen already in September of last year .
In the barrios Salteños the same thing happens. “What you see most are real estate sales posters that people did not want to put on the market, but few for rent,” warns Biella.