If we expand the analysis to include A+, A, and B-class assets, Marginal Tietê emerges as the area with the lowest vacancy rate at 6.78%—although most buildings there fall into the B-class category. In the case of Jabaquara, when accounting for all property types, the vacancy rate is 11.74%.

Overall, these regions have shown consistent improvements in office inventory, with occasional upticks in vacancy due to the delivery of new projects. The last quarter with negative net absorption was Q1 2023. Since then, each quarter has seen positive movement fueled by new leases and developments.

In these districts, financial institutions have a stronger presence, followed by government entities and technology companies.

These areas are developing as part of a broader trend toward the decentralization of São Paulo’s office market. Tatuapé, for example, recently welcomed its first A-class property: the Almagah 277.

In 2024, three more high-end projects were delivered in non-CBD regions. Jardins welcomed the Corporate Garden, which was fully leased by Link School of Business. In Barra Funda, the A+ Arquipeo building was delivered and partially occupied by WPP, though it still has a 29% vacancy rate.

Looking ahead, Tatuapé is expected to receive the Urman São Paulo development, scheduled for delivery in 2027. As for 2025, the only planned high-standard delivery in the non-CBD category so far is Viva Campo Belo, located in Moema