São Paulo
In the third quarter of 2025, the corporate office market in São Paulo recorded a total inventory of 12.36 million m². This figure was achieved thanks to the addition of 40,000 m² in new developments, the same as the new inventory from the previous quarter. Construction activity, however, slowed, with a total of 603,000 m² under construction.
A positive aspect was the reduction in the vacancy rate, which fell to 16.49%, corresponding to a vacant area of 2.03 million m². Absorption figures also changed, with gross absorption decreasing to 218,000 m² and net absorption also decreasing to 64,000 m². In terms of prices, there was an increase to R$87.60/m² per month for the corporate market as a whole (Class A and Others).
In Corporate Class A buildings, net absorption reached 55,000 m², accompanied by a reduction in the vacancy rate, which now stands at 15.84%. Meanwhile, Corporate Class Other buildings recorded a net absorption of 9,000 m², indicating a decrease compared to the previous quarter. The vacancy rate in this segment, however, saw a slight decrease, currently standing at 16.97%.
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 third quarter of 2025, the corporate office market in Rio de Janeiro underwent some transformations compared to previous periods. Total inventory decreased to 5.49 million m². Construction activity remained stable at 118,000 m² under construction, while other indicators revealed growing market dynamism. The vacancy rate fell to 22.45%, representing approximately 1.23 million m² of unoccupied space.
For the 12th consecutive quarter, no new inventory was recorded. Gross absorption increased by 64,000 m², higher than the previous quarter. Net absorption also increased, reaching 25,000 m². Prices declined slightly, with average asking prices reaching R$58.35/m² per month.
Corporate Class A buildings saw a significant increase in net absorption, with a positive 29,000 m², and the vacancy rate decreased to 27.48%. Conversely, Corporate Class Other buildings saw a net absorption of negative 4,000 m² and a reduction in the vacancy rate to 19.96%.
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.
