São Paulo
In the fourth quarter of 2025, the corporate office market in São Paulo registered a total inventory of 12.42 million m². This number was achieved with the addition of 50,000 m² in new developments, more than the new inventory of the previous quarter. Construction activity, however, showed a slowdown, totaling 570,000 m² under construction.
A positive aspect was the reduction in the vacancy rate, which fell to 15.96%, corresponding to an unoccupied area of 1.98 million m². Absorption figures also changed, with gross absorption increasing to 227,000 m² and net absorption also increasing to 131,000 m². In terms of prices, there was a drop to R$ 86.65/m² per month for the corporate market as a whole (Class A and Others).
In Class A Corporate buildings, net absorption reached 110,000 m², accompanied by a reduction in the vacancy rate, which is now at 14.46%. On the other hand, Other Class Corporate buildings registered a net absorption of 20,000 m², indicating an increase compared to the previous quarter. The vacancy rate in this segment, however, saw a slight decrease and is currently at 17.06%.
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 fourth quarter of 2025, the corporate office market in Rio de Janeiro underwent some transformations compared to previous periods. Total inventory increased to 5.51 million m². Construction activity remained stable at 118,000 m² under construction, while other indicators revealed growing dynamism in the market. The vacancy rate fell to 22.12%, representing approximately 1.22 million m² of unoccupied space.
For the 13th consecutive quarter, no new inventory was recorded. Regarding gross absorption, there was a movement of 46,000 m², less than the previous quarter. Net absorption also decreased, reaching 23,000 m². As for prices, there was an increase, with the average asking price for rent reaching R$ 59.12/m² per month.
Corporate Class A buildings experienced a drop in net absorption, with 13,000 m², and the vacancy rate decreased to 26.75%. On the other hand, Corporate Class Other buildings had a positive net absorption of 10,000 m² and a slight reduction in the vacancy rate to 19.84%.
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.
