Current scenario of Rio de Janeiro market counts on good news and hope for the next quarters | Q2 2019

In a moment that marks the absence of new stock, the market is in the process of improvement of the demand rate.

The last deliveries of new stock wer made in 2018. With no new deliveries expected and the net absorption improvement in the market, a reduction in the city’s vacancy rate was observed. Thus, potential occupants have been absorbing the products already available in the market, reducing the financial pressure on owners. An example of this scenario is the Passeio Corporate development, which reduced its area that had not been leased from 85% to 14% last year.

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