Retrofit projects in Paulista bring the region back to the real estate market's radar

SiiLA contributed to the report, providing data mapped by the Market Analytics platform about the region and others that concentrate corporate floors in the city.

By: SiiLA News

11/28/2022

Retrofitting old buildings has been a great option to compensate for the lack of land.Until 2021, Paulista was the region with the highest number of offices in São Paulo. However, the region was overtaken after the delivery of Parque da Cidade, in Chucri Zaidan.

Recently, the newspaper Valor Econômico reported on a new delivery in the Paulista region, carried out by São Carlos. SiiLA contributed to the report, providing data mapped by the Market Analytics platform about the region and others that concentrate corporate floors in the city.

At the end of the third quarter, the average price requested in the Paulista region for high-end offices (A+ and A) was R$ 138.49 per square meter, compared to R$ 142.21/m², which was requested in 4Q21, before the pandemic. The Paulista vacancy rate closed at 8.36%.

Here at SiiLA Insights, we have already published an article about what the retrofitting process is and how it works within assets. Check out the full content here.

In addition, you can watch a complete video about the Paulista region and the postcard of the city of São Paulo, Avenida Paulista.

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