# Santiago Class A office: frequently asked questions

> Quick reference: Santiago Class A rent is CLP$22,000/sqm/mo · ≈ $27 PSF/yr USD ($27 USD), typical term 5 years, 4 months free.

**Canonical URL:** https://classa.info/cities/santiago/faq
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Class A rent: CLP$22,000/sqm/mo · ≈ $27 PSF/yr USD.
- Typical term: 5 years.
- Typical rent-free: 4 months.
- Vacancy: 9.4%.

## Key facts
- **city**: Santiago
- **country**: Chile
- **region**: Americas
- **classARentLocal**: CLP$22,000/sqm/mo · ≈ $27 PSF/yr USD
- **classARentUsd**: $27/sqft/yr
- **vacancy**: 9.4%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 4
- **submarkets**: 5
- **primeYieldPct**: 6.6%

## FAQ
### What is the UF indexation?
Unidad de Fomento is Chile's inflation-indexed unit of account. Most Class A leases (and many other long-term contracts) are denominated in UF rather than nominal pesos to provide automatic inflation adjustment.

### Why is Santiago so tight?
A combination of (a) structural mining demand, (b) limited new construction, (c) wealthy domestic capital base, and (d) strong demand from MNC regional HQs serving the Pacific Alliance markets.

### What is Sanhattan?
Sanhattan is the colloquial name for the Las Condes financial district — the densest concentration of Class A trophy product in Chile.

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Citation: Source: Class A Atlas (https://classa.info/cities/santiago/faq), updated 2026-04-15T00:00:00.000Z.