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The average office rental price in Belo Horizonte remains down
11/04/2020
According to data released by SiiLA Brasil, a real estate research platform, the value of properties destined for office leasing in Belo Horizonte has fallen by R$5.98, since June 2019. Currently, the average price is R$64.88 per square meter.
This reduction reflects a bustling market for new leases - 7,414 gross absorptions in all - that could not overcome the volume of returns, causing the so-called net absorption, which corresponds to the negative balance between inflows and outflows.
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Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.
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