Nº 10 advantage
Headquarters in Chile
Santiago de Chile is one of the world’s least expensive cities for the installation of foreign companies.
Wednesday, July 29, 2009
According to the UBS investment bank, Santiago is one of the world’s least expensive cities for the installation of foreign companies. In its 2011 Price and Earnings Report, the Chilean capital obtained 61.9 points, taking 59th position out of 73 cities in the ranking where first place indicates the most expensive city (Oslo) and New York is the basis of comparison (100 points). The report considers the cost of a basket of 122 goods and services, including three rent categories.
Similarly, in Global Office Rents, a survey of prices in November 2010 by US-based CB Richard Ellis Global Research & Consulting, Santiago had the 8th cheapest rents out of 15 Latin American cities, positioning it as less expensive than regional business centers such as Mexico City, Buenos Aires and São Paulo. Total occupancy costs (gross rents) for an office in Santiago reached an average US$36.41 per year per square foot as compared to over US$100 in São Paulo.