RIO DE JANEIRO—Latin America continues tosee growth in new projects and leasing activity, led by preparationin Brazil for the 2016 Olympic Games, as well as investors drawn tothe emerging markets in the rest of South America and theCaribbean.

Hector Klerian, director of JLL Mexico, said at a recent WorldEconomic Forum event that dynamic industry drivers, high levels ofnew supply and rising absorption will continue to boost the area'sappeal.

"Latin America is the 'region of the future' with strongpotential for growth and expansion, and the region's 3% to 4% GDPgrowth rate over the past several years looks strong in comparisonwith much of the rest of the world," he said. "Colombia, Argentinaand Mexico are quickly gaining traction as up-and-comingdestinations for those seeking the best returns on investment.There is a stark contrast by market; however, one common threadholds true for all three markets—if you're willing to take a littlerisk, the opportunities are endless."