São Paulo
In the second quarter of 2025, the São Paulo corporate office market recorded a total inventory of 12.34 million m². This figure was achieved with the addition of 40,000 m² in new developments, exceeding the new inventory from the previous quarter. Construction activity, however, slowed, with a total of 627,000 m² under construction.
One positive aspect was the reduction in the vacancy rate, which fell to 16.83%, corresponding to a vacant area of 2.07 million m². Absorption figures also changed, with gross absorption decreasing to 238,000 m² and net absorption increasing to 111,000 m². In terms of prices, there was an increase to R$86.74/m² per month for the corporate market as a whole (Class A and Others).
In Corporate Class A buildings, net absorption reached 90,000 m², accompanied by a reduction in the vacancy rate, which now stands at 16.57%. Meanwhile, Corporate Class Other buildings recorded a net absorption of 21,000 m², indicating a significant increase compared to the previous quarter. The vacancy rate in this segment, however, decreased and currently stands at 17.03%.
Occupancy, Vacancy Rate, New Stock and Construction Activity
Corporate (Class A and Others)
Net Absorption and Vacancy Rate
Corporate
Ocupantes’ methodology for classifying buildings can be summarized as follows:
“Corporate” type buildings: Suites with an area equal to or greater than 100 m². | “Office” type buildings: Suites with an area of less than 100 m².
“Class A” Buildings: Buildings with high technical specifications. | “Other Class” Buildings: Buildings with lower technical specifications.
Rio de Janeiro
In the second quarter of 2025, the corporate office market in Rio de Janeiro underwent some transformations compared to previous periods. Total inventory remained at 5.52 million m². Construction activity also stabilized, with 118,000 m² under construction, and other indicators revealed growing market dynamism. The vacancy rate fell to 23.32%, representing approximately 1.28 million m² of unoccupied space.
For the eleventh consecutive quarter, no new inventory was recorded. Gross absorption was 40,000 m², lower than the previous quarter. Net absorption decreased to 4,000 m², also lower than the previous quarter. Prices increased slightly, with average asking prices reaching R$60.20/m² per month.
Corporate Class A buildings saw a decrease in net absorption, with negative 590 m², and the vacancy rate increased to 29.29%. Conversely, Corporate Class Other buildings saw a net absorption of 4,000 m² and a reduction in the vacancy rate to 20.38%.
Occupancy, Vacancy Rate, New Stock and Construction Activity
Corporate (Class A and Others)
Net Absorption and Vacancy Rate
Corporate
It is important to highlight that past trends do not guarantee future results. Ocupantes does not assume responsibility for decisions made based on this information.
The information presented in this document is updated based on the publication date and may undergo changes until the next edition.
