JLL: Net absorption of office space in São Paulo to rise in 2015.
According to Jones Lang LaSalle IP’s ‘Office Market Overview’ for Latin America, supply of new office space in São Paulo should rise from 325,000 square metres in 2014 to 516,000 square metres in 2015. Expected net absorption is expected to rise from 100,000 square metres to 150,000 square metres. This is in the context of an overall vacancy rate of 22.8% across 3,956,000 square metres of space at the end of 2014. Class A office rents were USD20-65 per square metre per month.
Source : 31 Mar 2015/JLL/ São Paulo /OFF