The trendy neighborhood that is establishing itself as the hub for coffee shops and new cuisine - La Nacion Propiedades
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www.lanacion.com.ar
October 14, 2024
Chic and local, what is the formula of the neighborhood that knew how to reinvent itself and take advantage of the best of the area: prices and demand analysis
By Victoria Aranda
Las Cañitas has become an epicenter of specialty coffee, where tea houses and ice cream parlors also shine with premium offerings.Courtesy of Päns Bakers
Bounded by Luis María Campos, Olleros, del Libertador and Jorge Newbery avenues, Las Cañitas is reinventing itself in accordance with the times , when “people are looking for tranquility and quality products and services.” This is highlighted in a recent report carried out by LJ Ramos , a firm that surveyed the area quantitatively and qualitatively, arriving at different conclusions.
Las Cañitas has become an epicenter of specialty coffee, where tea houses and ice cream parlors also stand out with premium offerings.Thomas Cuesta - THE NATION
First, always, the numbers. LJ Ramos accurately estimates the number of premises in the area at 234, which, they report, have a vacancy rate of 2.6%. As for price, the monthly rental value per square meter averages US$25.4.
At the time of the observations, Marcos Ballario, in charge of the survey, first confirmed the presence of the traditional gastronomic hub, but with a twist. “Although there has been a hub for a long time, today in Cañitas the new gastronomy prevails ,” describes the broker, whose study confirms that 23.68% of the premises surveyed belong to the sector . “A lot of specialty coffee , tea houses, ice cream shops and restaurants,” he lists, highlighting that they fall into the premium category.
The new gastronomy in Las Cañitas stands out for its various specialty coffee shops, tea houses, ice cream parlors and restaurants.Thomas Cuesta - THE NATION
“Next in importance, we find a varied set of businesses that complement the daily life of the residents, including computer stores, hairdressers and bookstores, which provide a diverse and accessible offering,” says the analyst, in relation to the range of businesses that can also be found in the area, very much in tune with the profile of the resident.
Soledad Balayan , from Maure Properties, talks about the businesses in Cañitas as a “local player”. “ As in many other neighbourhoods, the coffee phenomenon is taking place here, with shops focused on this sector ”, says the broker, who has a long-standing presence in the area, highlighting that these are small stores but not coffee shops.
The area predominantly for daytime activities, with a calm and relaxing atmosphere, attracts those looking to enjoy their neighborhood environment.Denise Giovannielli
Specifically, he says, nine new establishments were opened in one year. “There are practically no vacancies in this type of establishment,” Balayan observes, stressing that the offer – “very delicatessen, very gourmet” – also corresponds to an older clientele. “On the other hand, there are establishments that are being transformed and that have given way to low-rise developments,” he comments.
At Maure Properties, where they survey the area between Libertador, Luis María Campos and Dorrego avenues and Virrey Loreto street, they share that retail is fundamentally a daytime activity, which logically implies gastronomy. “The younger nightlife has moved to Palermo,” they point out, emphasizing that “the sun on Libertador avenue contributes to this tendency towards daylight and that in some way determines the type of establishments that can be found in the area.”
According to the source, demand remains concentrated in areas such as cafes, bars, restaurants and clothing and beauty stores, with sustained growth since the post-pandemic. “It has long been consolidated as a vibrant neighborhood, and with many residential developments underway, businesses play a key role in offering different options to existing and future demand ,” says Santiago Winokur , Office & Retail broker at Newmark.
The commercial market of Las Cañitas remains stable and attractive, with a notable demand for gastronomic and service establishmentsDIEGO SPIVACOW/ AFV
As for values, the average rent in the area is US$20/m², with prices that can vary between US$500 and US$5,500 per month, depending on the condition and size of the premises. “Larger businesses tend to subdivide to respond to demand, while smaller ones maintain a constant occupancy,” Newmark points out.
“In the future, this trend is projected to continue , with an increase in the value of the most modern and accessible premises. Adjustments to operating costs, such as electricity and gas, will continue to be determining factors for the profitability of businesses in Las Cañitas,” adds Carolina Wundes , Research & Data Analytics manager of the same real estate company.
One of the landmarks of Las Cañitas, El Estanciero is the neighborhood's meat expert
That happened exactly in the area that Gonzalo Painceira, broker for Toribio Achaval, defines as the “historic” area of Las Cañitas. “It is the sector delimited between Boulevard Chenaut and Dorrego, with the center on Báez Street, where there is a gastronomic center , which has had its ups and downs, with periods of splendor and others of decline, but which is now consolidated,” he describes.
According to him, there are usually no vacancies in the establishments focused on the aforementioned sector. “Then there is a peripheral Cañitas, which is a neighborhood and has typical neighborhood establishments,” adds the broker, highlighting a third area on Avenida Dorrego – “on the edge” – with another gastronomic proposal that has been developed in recent times.
As a key factor in the development of Las Cañitas, Painceira mentions a particular project in a context of growth in the residential offer in general. “What is being done in what used to be Sastrerías Militares (Editor’s note, the first towers in the area, opposite the new plaza mentioned) will cause a very big change and possibly increase the commercial offer in parallel and transversal streets to Báez,” he concludes.
www.buysellba.com
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El barrio trendy que se impone como el polo de los cafecitos y la nueva gastronomía
Chic y barrial, cuál es la fórmula del barrio que supo reinventarse y sacar provecho de lo mejor de la zona: los precios y radiografía de la demanda
www.lanacion.com.ar
October 14, 2024
Chic and local, what is the formula of the neighborhood that knew how to reinvent itself and take advantage of the best of the area: prices and demand analysis
By Victoria Aranda
Las Cañitas has become an epicenter of specialty coffee, where tea houses and ice cream parlors also shine with premium offerings.Courtesy of Päns Bakers
Bounded by Luis María Campos, Olleros, del Libertador and Jorge Newbery avenues, Las Cañitas is reinventing itself in accordance with the times , when “people are looking for tranquility and quality products and services.” This is highlighted in a recent report carried out by LJ Ramos , a firm that surveyed the area quantitatively and qualitatively, arriving at different conclusions.
Las Cañitas has become an epicenter of specialty coffee, where tea houses and ice cream parlors also stand out with premium offerings.Thomas Cuesta - THE NATION
First, always, the numbers. LJ Ramos accurately estimates the number of premises in the area at 234, which, they report, have a vacancy rate of 2.6%. As for price, the monthly rental value per square meter averages US$25.4.
At the time of the observations, Marcos Ballario, in charge of the survey, first confirmed the presence of the traditional gastronomic hub, but with a twist. “Although there has been a hub for a long time, today in Cañitas the new gastronomy prevails ,” describes the broker, whose study confirms that 23.68% of the premises surveyed belong to the sector . “A lot of specialty coffee , tea houses, ice cream shops and restaurants,” he lists, highlighting that they fall into the premium category.
The new gastronomy in Las Cañitas stands out for its various specialty coffee shops, tea houses, ice cream parlors and restaurants.Thomas Cuesta - THE NATION
“Next in importance, we find a varied set of businesses that complement the daily life of the residents, including computer stores, hairdressers and bookstores, which provide a diverse and accessible offering,” says the analyst, in relation to the range of businesses that can also be found in the area, very much in tune with the profile of the resident.
More daytime than nighttime
According to LJ Ramos, this corner of Palermo bordering Belgrano gave rise to a sector where Arbnb proposals proliferated , so retail is also aligned with this offer. “It is a predominantly residential and quiet area, with a high presence of residents looking to enjoy their surroundings and the neighborhood atmosphere,” they emphasize.Soledad Balayan , from Maure Properties, talks about the businesses in Cañitas as a “local player”. “ As in many other neighbourhoods, the coffee phenomenon is taking place here, with shops focused on this sector ”, says the broker, who has a long-standing presence in the area, highlighting that these are small stores but not coffee shops.
The area predominantly for daytime activities, with a calm and relaxing atmosphere, attracts those looking to enjoy their neighborhood environment.Denise Giovannielli
Specifically, he says, nine new establishments were opened in one year. “There are practically no vacancies in this type of establishment,” Balayan observes, stressing that the offer – “very delicatessen, very gourmet” – also corresponds to an older clientele. “On the other hand, there are establishments that are being transformed and that have given way to low-rise developments,” he comments.
At Maure Properties, where they survey the area between Libertador, Luis María Campos and Dorrego avenues and Virrey Loreto street, they share that retail is fundamentally a daytime activity, which logically implies gastronomy. “The younger nightlife has moved to Palermo,” they point out, emphasizing that “the sun on Libertador avenue contributes to this tendency towards daylight and that in some way determines the type of establishments that can be found in the area.”
Constant demand
Newmark Argentina defines and highlights that the commercial real estate market in Las Cañitas continued to show signs of stability in the first half of this year , standing out as a magnet for restaurants and local services. The vacancy rate, calculated at 5.8%, confirms the low availability of commercial premises, especially for those of smaller size, which “rarely” remain unoccupied for long.According to the source, demand remains concentrated in areas such as cafes, bars, restaurants and clothing and beauty stores, with sustained growth since the post-pandemic. “It has long been consolidated as a vibrant neighborhood, and with many residential developments underway, businesses play a key role in offering different options to existing and future demand ,” says Santiago Winokur , Office & Retail broker at Newmark.
The commercial market of Las Cañitas remains stable and attractive, with a notable demand for gastronomic and service establishmentsDIEGO SPIVACOW/ AFV
As for values, the average rent in the area is US$20/m², with prices that can vary between US$500 and US$5,500 per month, depending on the condition and size of the premises. “Larger businesses tend to subdivide to respond to demand, while smaller ones maintain a constant occupancy,” Newmark points out.
“In the future, this trend is projected to continue , with an increase in the value of the most modern and accessible premises. Adjustments to operating costs, such as electricity and gas, will continue to be determining factors for the profitability of businesses in Las Cañitas,” adds Carolina Wundes , Research & Data Analytics manager of the same real estate company.
One of the landmarks of Las Cañitas, El Estanciero is the neighborhood's meat expert
Past, present and future
Bordering the polo field, with its tree-lined and cool streets, relatively new green spaces - such as the one located between Dorrego Avenue and Huergo, Clay and Báez streets -, fabulous connectivity and, of course, definitely trendy stores, the area began to take shape in the mid-90s, years in which restaurants, pubs and nightclubs began to open, creating an active nightlife in Las Cañitas.That happened exactly in the area that Gonzalo Painceira, broker for Toribio Achaval, defines as the “historic” area of Las Cañitas. “It is the sector delimited between Boulevard Chenaut and Dorrego, with the center on Báez Street, where there is a gastronomic center , which has had its ups and downs, with periods of splendor and others of decline, but which is now consolidated,” he describes.
According to him, there are usually no vacancies in the establishments focused on the aforementioned sector. “Then there is a peripheral Cañitas, which is a neighborhood and has typical neighborhood establishments,” adds the broker, highlighting a third area on Avenida Dorrego – “on the edge” – with another gastronomic proposal that has been developed in recent times.
As a key factor in the development of Las Cañitas, Painceira mentions a particular project in a context of growth in the residential offer in general. “What is being done in what used to be Sastrerías Militares (Editor’s note, the first towers in the area, opposite the new plaza mentioned) will cause a very big change and possibly increase the commercial offer in parallel and transversal streets to Báez,” he concludes.
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