Uruguay Industrial ViewPoint - A Regional Logistic Hub: Montevideo Industrial and Logistics July 2017
The Uruguayan economy conveys signs of recovery. After the great expansion of the fourth quarter of 2016, the economy expanded again last JanuaryThe Uruguayan economy conveys signs of recovery. After the great expansion of the fourth quarter of 2016, the economy expanded again last Januar.
Signs of recovery took place in the second half of 2016.
The industrial market of Montevideo is composed by Montevideo and the adjoining departments of Canelones and San José.
The average land price in Ruta 101 was US$ 30.11, while US$ 17.22 in Ruta 5 and US$ 13.00 per sq. m., in Ruta 1.
Class A logistic warehouses rents spam from US$ 4.00 to US$ 8.00 per sq. m. per month in the national market.
In the case of Free Trade Zones, rents range from US$ 9.00 to US 14.50 per sq. m. per month. Similar to the national market case, delivery conditions and technical specifications will significantly affect the rental price.