Multifamily Maintains High Occupancy, with 2,200 New Units Expected by Year-End

Despite a slower second quarter, the segment remains attractive to operators and investors

Alexandre Frankel, Founder and CEO of Housi

By: SiiLA News

07/31/2025

With an 84% occupancy rate, multifamily developments in Brazil continue to attract strong interest from both investors and residents. The segment — which moves trillions of dollars in mature markets such as the United States and Europe — is beginning to consolidate locally, driven by the appetite of major players and expectations for new investments and project deliveries.

As of today, there are 11,319 units across 91 properties in the country, according to data from SiiLA’s Market Analytics — the only platform in Brazil dedicated to tracking this type of asset.

In the coming months, this upward trend is expected to continue. Around 2,200 new units, totaling 114,000 square meters, are scheduled for delivery by the end of 2025 — representing nearly 20% growth compared to the current stock. Of this total, about 1,000 units (54,000 square meters) are being developed by Vitacon.

Currently, Brookfield leads the market with 2,300 units across 25 towers, followed by Vila 11 with 954 units and JFL with 603. Among operators, Housi stands out, managing 4,800 units and planning to add another 1,000 by the end of next year.

Multifamily Units per Owner

Source: SiiLA, Market Analytics

SiiLA’s monitoring includes all multifamily developments in Brazil designed as income-generating residential properties managed under a single operator, ensuring unit standardization, consistent building amenities, and professional management — factors that increase the segment’s attractiveness for institutional investors.

Beyond the numbers, multifamily has also been gaining greater visibility. On SiiLA’s YouTube channel, viewers can take a tour of a high-end multifamily development. The topic was also featured in a recent episode of the SiiLA Podcast, where industry experts discussed the challenges and opportunities shaping this expanding market.

Beyond Multifamily Numbers

In addition to steady market growth, the multifamily segment has also been shaped by political decisions in the first half of the year.

In April, the city of Rio de Janeiro approved a bill regulating short-term rental and hosting services—a topic covered in REsource at the time. Now, another capital city is also targeting short-stay models, this time with direct implications for property owners.

Decree No. 64,244, published in May 2025, prohibits short-term rentals in properties designated as affordable housing. Units built for this purpose and used to generate income must now be dedicated exclusively to traditional residential use.

The measure benefits the professional multifamily market, as real estate funds and institutional investors typically comply strictly with legal asset uses, avoiding practices such as misuse of purpose and housing fraud.

Want to dive deeper into Brazil’s multifamily market?

Detailed insights — including unit specifications, rental values, and amenity breakdowns — are available exclusively through SiiLA’s Market Analytics. To learn more, schedule a personalized presentation with our team at siila.com.br/produtos or contact us at contato@siila.com.br.

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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.