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Flight to quality movement grows in Rio de Janeiro

  • Giancarlo Nicastro talks about the market overview at an event.
Giancarlo Nicastro during presentation
Giancarlo Nicastro during presentation
By: SiiLA News
02/09/2023

SiiLA attended the event held by Secovi Rio this morning at the FECOMERCIO RJ auditorium to talk about the real estate moment in the city of Rio de Janeiro. 

In addition to Giancarlo, several professionals and speakers from the commercial real estate market in the city and the country also attended.

Based on SiiLA's Market Analytics platform, Nicastro showed a series of data regarding the office market in Rio de Janeiro, ranging from events that affected the market to future projections for the city.

During the speech, the executive analyzed deliveries and vacancies in the city and spoke about the resumption of certain regions.

"We could see many companies leaving B-rated properties and migrating to A or A+ rated properties, with more attractive prices and high-quality properties. This movement is also known as flight to quality, which emerged mainly in the regions of Barra da Tijuca and Orla/Zona Sul", according to the CEO.

Want to learn more information about the Rio de Janeiro market and much more? Meet Market Analytics!

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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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