With 2023 starting at full speed, SiiLA has already begun this year's projects. We even looked for companies on what to expect for the commercial real estate market, and RBR Asset is the first to debut in the new content series.

The company spoke about the macro scenario in an interview with RBR's management team.

Market macro scenario

According to RBR, the real estate market has gone through a period of change since the start of the pandemic, allowing employees to work remotely in some segments of companies, affecting the occupancy rate on corporate floors, and increasing the use of e-commerce as a means of consumption – affecting both the dynamics of malls, which seek to adapt and the demand for last-mile warehouses, close to São Paulo.

"With high-interest rates and rising inflation in the cost of construction work, the viability of new projects for builders and developers becomes challenging due to the high cost of capital. As a result, we live in a more restrictive moment with specific opportunities in new projects", added the manager.

Office Segment

For RBR, remote work has reshaped the use of offices in Brazil. The assets suffering the most are those located in secondary regions and/or with lower construction quality. On the other hand, A+ investments in premium regions have increased average rents and occupancy. Increasingly, the specific knowledge of each market and each asset is gaining relevance.

Logistics Segment

As for the future of logistics condominiums in 2023, RBR believes that the market should closely monitor the new projects deliveries, especially in places like Cajamar and Guarulhos, regions with relevant developments under construction, and in smaller places around Brazil, which are experiencing a good moment with the expansion of e-commerce, but may be saturated by the lower volume of deliveries when compared to markets with greater depth.

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