São Paulo Office Report

Although the net absorption in Q12024 was almost half of the value of the previous quarter, it still remained positive at 32 thousand sqm. In addition, compared to the same period of the previous year, the net had a significant increase of 36 thousand sqm, which is no longer negative. This was due both to the stabilization of returns (a phenomenon that intensified during the pandemic and in the months that followed) and to the increase in demand for large spaces, which resulted in a high volume of square meters absorbed.

Therefore, the financial segment has gained visibility and prominence due to the large volume of trading area. Thus, in Q12024, it was responsible for 30% of the traded area, corresponding to 33 thousand sqm of the 110 thousand sqm absorbed.

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São Paulo Office Report | Q1 2024

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