Corporate building market increases occupation in São Paulo and Rio

The corporate building market in the city of São Paulo continues to show signs of recovery. The unemployment rate of these properties fell to 19.6% in November, compared to 20.4% in October. It's the first time vacancy has been below 20% since 2014, when the housing market was at the end of its bullish cycle, according to data from consulting firm Cushman & Wakefield. The highlight in the month was the chucri zaidan avenue region, which recorded 17,000 m² of land area in the month. Wonder city. Rio de Janeiro is also recovering, but at a slower pace. The unemployment of corporate buildings ended November at 34.4%, compared to 35.1% in October. The level is the best since the end of 2016. According to the consultancy, the vacancy in Rio has fallen since April. The highlights in the locations of the last month were the regions of the city center and Porto Maravilha.