Recent data from SiiLA’s Market Analytics platform shows that the largest office lease in Brazil during the second quarter of 2025 was signed by the State Government of Rio de Janeiro, which leased 15,000 m² at the Presidente Business Center (PBC).

The lease was signed in June at R$ 42.84/m², totaling approximately R$ 725,700 per month for a 120-month term. Beyond being the largest lease of the period, the deal stood out for closing at a rate 29.3% below the property’s Market Rent, which is R$ 60.58/m².

Owned by the Paskin family, the PBC is a Class A asset that had an 84% vacancy rate as of Q1 2025. With the new lease, that rate dropped to 44%.

The government will share the building with several other tenants. On the ground floor, there is a daycare center and a CrossFit gym. Upper floors are occupied by Banco do Brasil and Geap Saúde.

The State Government informed REsouce that the space is currently occupied by the Cecierj Foundation, the Department of Penitentiary Administration (SEAP), the Intelligence Subsecretariat of the Military Police Department (SEPM), and the Military Police Internal Affairs Division. Starting in August, the headquarters of the Public Security Institute (ISP) will also begin operating at the site.