Chucri Zaidan Sets the Pace in 2024 Leasing, Surpassing Faria Lima and Other CBD Areas

The São Paulo office market closed 2024 with a positive net absorption of 112,258 m² in Class A+ and A properties across the city's Central Business Districts (CBDs), along with nearly 300,000 m² in gross absorption. But where are these absorptions happening?

The Chucri Zaidan region, home to the largest supply of high-end office space in the city with over 794,000 m², recorded the highest gross absorption. A total of 88,541 m² was leased, representing 29.6% of all leased space in the city's CBDs. Chucri Zaidan also leads in net absorption, with a positive balance of 56,000 m². This data was exclusively provided to REsource via the Market Analytics platform from SiiLA.

The Parque da Cidade Complex, which includes five office towers – B1 Aroeira, B2 Paineira, B3 Jatobá, C1 Sucupira, and Jequitibá – attracted numerous companies throughout the year. With towers completed between 2015 and 2021, the complex offers 203,000 m² of premium office space. The largest lease in the region was signed by Verisure, a security company led by Gustavo Velasco in Brazil, which leased 6,900 m² in the Jatobá tower.

In the same building, Danaher, a leader in healthcare, leased 2,253 m². Pirelli, from the automotive sector, also leased 2,025 m² in the Aroeira tower.

Check out the top companies leasing space in the region: 

1. Verisure: 6,908 m²
2. Concentrix: 3,211 m²
3. Stellantis: 2,823 m²
4. Danaher: 2,253 m²
5. Pirelli: 2,025 m²