High-end office market in São Paulo closes 2022 with an increase in new business

The high-end office market in São Paulo closed 2022 with the best performance since the start of the COVID-19 pandemic. According to the First Look survey carried out by JLL, the vacancy rate in the city was 1.3 p.p. lower than in 2021, with net and gross absorptions surpassing the negative scenario of the previous two years.

For Yara Matsuyama, director of leases at JLL, after a turbulent period, the market is proving to be more balanced.

Occupation expansion

The projection is that this scenario extends to 2023, with growth in net absorption and maintenance of the downward trend in the vacancy rate. 431,000 m² of new stock are expected to be delivered in the next two years, 52% of which this year. Faria Lima is still highlighted. The region's vacancy rate is 4%. With a forecast for new stock of only 13,500 m², demand should spill over into adjacent areas.

Fill out this form to download report

I would like to receive JLL Communications

There was an error submitting the form. Please try again.

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

High-end office market in São Paulo closes 2022 with an increase in new business | 4Q2022

Fill out this form to download report

Confira outros relatórios de pesquisa: