JLL: Net absorption of office space in Rio de Janeiro to rise in 2015.

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According to Jones Lang LaSalle IP’s ‘Office Market Overview’ for Latin America, supply of new office space in Rio de Janeiro should rise from 130,000 square metres in 2014 to 175,000 square metres in 2015. Expected net absorption is expected to rise from 2,000 square metres to 50,000 square metres. This is in the context of an overall vacancy rate of 19.7% across 1,770,000 square metres of space at the end of 2014. Class A office rents were USD30-100 per square metre per month.

Source : 31 Mar 2015/JLL/Rio de Janeiro/OFF

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