São Paulo
In the 3rd quarter of 2022, the total stock of corporate offices in the city of São Paulo increased to 11.70 million m², with a new inventory delivery of 32.5 million m² of new corporate developments. The vacancy rate in the period dropped slightly to 20.60%, which represents 2.41 million m² of vacant spaces. On the other hand, construction activity corresponds to 484 thousand m². On the demand side, gross absorption, which is the square footage of rented spaces (whether new or used), dropped to 185,000 m². Average asking rent prices increased to R$ 69.15/m² per month.
The universe of Class A corporate buildings in the city of São Paulo presented, in this 3rd quarter of 2022, a positive net absorption of 22 thousand m² and a vacancy rate that remained stable at 21.46%. The universe of Other Class corporate buildings showed a positive net absorption of 21.5 thousand m² and a vacancy rate of 20.01%.
Ocuppancy, vacancy rate, construction activity andy new stock
Corporate (Classe A and Others)
Net Absorption and Vacancy Rate
Corporate
Rio de Janeiro
In the 3rd quarter of 2022, the total stock of corporate offices in the city of Rio de Janeiro increased to 5.53 million m² with the delivery of a new stock of 3.8 thousand m². The vacancy rate in the period dropped to 25.79%, which represents 1.42 million m² of vacant spaces. Construction activity decreased to 96,000 m². On the demand side, gross absorption, which is the square footage of rented spaces (whether new or used), dropped to 43,000 m². The average asking price had a slight increase, closing the 3rd quarter of 2022 at R$ 63.01/m² per month.
The universe of Class A corporate buildings in the city of Rio de Janeiro showed a positive net absorption of 13 thousand m² and a vacancy rate that dropped slightly to 38.44%. The universe of Other Class corporate buildings, on the other hand, showed a negative net absorption of 6,000 m² and a vacancy rate with a slight increase to 19.55%.
Occupancy, vacancy rate, constructive activity e new stock
Corporate (Class A e Others)
Net Absorption and Vacancy Rate
Corporate
