Rio de Janeiro enters 2024 with lowest vacancy rate in four years | Q12024

The Orla region was the main contributor to the positive result.

May 14, 2024

Rio de Janeiro recorded a vacancy rate below 35% for the fourth time in the last four years. The first two times this happens, the market enters the pandemic in the first half of 2020 and then recovers from the effects of the crisis at the end of 2022.

The Orla region was the main contributor to the positive result in Q12024, with a 4.7% decrease in the vacancy rate compared to the previous quarter. Then, the region of Porto Maravilha appears, with a decrease of 0.5 p.p., and the center, with 0.3 p.p.

By 2024, the vacancy rate is expected to remain below 35% under a future scenario of positive absorption and no new supply.

Fill out this form to download report

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


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.