São Paulo
In the first quarter of 2026, the corporate office market in São Paulo registered a total inventory of 12.46 million m². This number was achieved with the addition of 30,000 m² in new developments, less than the new inventory of the previous quarter. Construction activity also slowed down, totaling 561,000 m² under construction.
A positive aspect was the reduction in the vacancy rate, which fell to 15.30%, corresponding to an unoccupied area of 1.90 million m². Absorption figures also changed, with gross absorption decreasing to 210,000 m² and net absorption also decreasing to 105,000 m². In terms of prices, there was an increase to R$ 89.41/m² per month for the corporate market as a whole (Class A and Others).
In Class A Corporate buildings, net absorption reached 80,000 m², accompanied by a reduction in the vacancy rate, which is now at 13.36%. On the other hand, Other Class Corporate buildings registered a net absorption of 25,000 m², indicating an increase compared to the previous quarter. The vacancy rate in this segment, however, saw a slight decrease and is currently at 16.71%.
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 first quarter of 2026, the corporate office market in Rio de Janeiro underwent some transformations compared to previous periods. Total inventory decreased to 5.51 million m². Construction activity remained stable at 141,000 m² under construction, while other indicators revealed increasing dynamism in the market. The vacancy rate fell to 21.63%, representing approximately 1.19 million m² of unoccupied space.
For the 14th consecutive quarter, no new inventory was recorded. Regarding gross absorption, there was a movement of 74,000 m², higher than the previous quarter. Net absorption also increased, reaching 26,000 m². As for prices, there was an increase, with the average asking price for rent reaching R$ 61.74/m² per month.
Corporate Class A buildings experienced growth in net absorption, reaching 19,000 m², and the vacancy rate decreased to 25.44%. On the other hand, Corporate Class Other buildings had a net absorption of 6,000 m² and a slight reduction in the vacancy rate to 19.77%.
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.
