Faria Lima, JK, and Vila Olímpia, for instance, are neighboring regions with varying price behaviors. In total, these three regions add up to a stock of over 991,000 square meters divided among 48 high-standard buildings (Classes A+ and A). Out of these three regions, JK has the highest asking price, followed by Faria Lima and Vila Olímpia, with R$ 213/m², R$ 198/m², and R$ 134/m² respectively. When analyzing these three regions together, the current average asking rent is of R$ 181/m². The average price has increased compared to the same period last year when the requested price was R$ 139.50.

We recently discussed here on REsource what an asking price is and how it differs from the transaction price. Generally, price is defined based on various factors such as asset location, size (area), property condition, and market trends. You can delve deeper into the topic by reading this content at this link.

Iconic office towers in the city

The JK, Faria Lima, and Vila Olímpia regions are well-known among the CBD areas, especially for being addresses of iconic office buildings in São Paulo. The Birmann 32 is one such example. Located on Avenida Faria Lima, this development was the subject of an interview with SiiLA's CEO, Giancarlo Nicastro, and Didi Pei, the architect who designed the 125-meter-tall building, known for the whale sculpture in the exterior area. Watch the full interview here.

In the JK region, one of the most famous is the São Paulo Corporate Towers. The complex was delivered in 2015 and consists of two towers, housing major tenants such as XP, Google, and consulting firm Ernst & Young. On the other hand, in Vila Olímpia, one of the standout developments on the horizon is the E-Tower, an A+ property with a total private area of 23,895 square meters and 37 floors.