EXCLUSIVE CONTENT
Join our mailing list for Real Estate News, Events, Insights & Resources.
Rio Crisis: a third of high-end offices are empty
- The percentage in the first quarter closed at 30.7%, the highest since the third quarter of 2019 (32%).
By: SiiLA News
05/03/2021 A pandemic that mixes economic destruction and has incentivised people to work from home, the vacancy rate of high-end offices in Rio once again broke the 30% threshold, according to data from the SiiLA platform.
The percentage in the first quarter closed at 30.7%, the highest since the third quarter of 2019 (32%). Therefore, the occupation of corporate slabs is experiencing its worst moment of the pandemic, even though Rio has not won new high-end corporate properties in over two years.
In the six regions that concentrate offices with this profile, companies have this year vacated 15 thousand square metres - the equivalent to two football fields of official dimensions
ABOUT SiiLA
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.
GGRC11 buys R$96.4m warehouse as Minas logistics gains pace; see cap rate
06/25/2026Selic falls, but FIIs still face an interest rate winter; investors seek more resilient funds
06/24/2026Large occupiers tighten São Paulo premium office supply
06/23/2026Sale of Stakes to FIIs Accelerates Asset Recycling in Shopping Centers
06/22/2026EXCLUSIVE: Itaú Negotiates Office Leases in São Paulo’s Chucri Zaidan and Chácara Santo Antônio Districts
06/18/2026Investments
Record Growth: 7.9% Vacancy in Northeast Fails to Slow Logistics Expansion
7 Bridges Capital Sees Industrial Property Market as a Primary Investment Target
Market Trends
Real Estate Culture Sets Rio and São Paulo Apart: On the Coast, the View Matters; in São Paulo, Prestige Comes from Location
A 12% Vacancy Rate Marks Balance in Mature Real Estate Markets — Here’s Why
Trusted by Leading Publications
