Research

High-end Office vacancy is the lowest in Rio de Janeiro in the last four years | 4Q2022

Financial, Petrochemical and Government Sectors were responsible for more than half of the fourth quarter of 2022 deals.

February 07, 2023

After a period of vacancy growth due to the COVID-19 pandemic, the high-end office market in Rio de Janeiro saw the index recede. This is what the First Look survey carried out by JLL points out, which is based on the fourth quarter of 2022. According to the survey, the rate is the lowest since 2018, reaching the level of 36.7%.

With no expectation of new corporate developments to be delivered in 2023, the forecast is that the vacancy rate will remain in decline, with net absorption on the rise and average value per square meter practiced in the city in stability.

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High-end Office vacancy is the lowest in Rio de Janeiro in the last four years | 4Q2022

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