Driven by financial sector, São Paulo ends quarter with a positive net and a highlight for large leases | Q12024

Net absorption is positive for the fourth consecutive quarter.

May 14, 2024

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.

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.