Research

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.

Fill out this form to download report

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.