Rio de Janeiro has positive results and a drop in vacancy | 2Q2022

Drop in returns generates greater optimism for the rest of the year.

August 09, 2022

Rio de Janeiro's high-end corporate market continues to show positive results and signs of recovery. In the second quarter, vacancy was 38.5%, 0.7 p.p. lower compared to 1Q2022 and 2.1% p.p. below compared to the same period last year. The region that stood out in terms of absorption in the period was Barra da Tijuca.

With no new stock since 2018, Rio has seen a steady drop in returns, indicative of an increasingly heated market. There was a 31.3% drop in the index compared to 1Q2022 and 70.8% compared to 4Q2021. The second quarter even broke a positive record for the last two years, with 10,100 m² returned.

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