JLL: Grade A office vacancy rate in São Paulo of 23.4%, with supply pipeline of 18.6% at end of 2Q15
In its Global Market Perspective for Q315, Jones Lang Lasalle IP Inc. (JLL) noted that the vacancy rate for Grade A office space in São Paulo was 23.4%, and that there is a supply pipeline (completions in 2015-16 relative to existing stock) of 18.6%. Over the last year, rents have dropped by 6.3% and capital values have fallen by 18.3%. Prime yields in 2Q15 were 9.8%.
Source : August 2015/JLL/São Paulo/OFF