In its Global Market Perspective for 1Q16, Jones Lang LaSalle noted that commercial real estate investment volumes in São Paulo fell by 77% in 2015. Capital values for prime offices fell by 7.8%. Rental yields for prime offices were 9.8%, or 260 basis points above the yield on the relevant long-dated government bond. Rents for prime office space fell by 5.4%. Net absorption during 2015 was equal to 5.1% of existing stock. At the end of the year, the office vacancy rate was 23.6% and the supply pipeline for 2016-17 equated to 13.6% of existing stock.

Source : JLL/ January 2016/ São Paulo/ OFF