In its 4Q15 review of the office markets of Latin America, CBRE noted that net absorption of prime office space in São Paulo during the quarter amounted to 51,000 square metres. The average vacancy rate was 20.6%. Across the 11 cities in the region that were surveyed by CBRE, net absorption during the quarter amounted to 380,000 square metres and the average vacancy rate was 13.9%. In relation to the prime office market in São Paulo over 2015 as a whole, CBRE highlighted the supply of around 323,000 square metres of new space.

Source : CBRE/ Mar 2016/São Paulo/OFF