Recent data from SiiLA’s Market Analytics shows that net absorption in São Paulo’s office market (Classes A+, A and B) in CBD areas regained momentum in the first half of 2025, with 131,000 m² absorbed — above the average seen in previous years.

The strong performance was driven primarily by the first quarter, which recorded 70,200 m² of net absorption — the second-best quarterly result since 2022 and a clear sign that the market is on a recovery path. The second quarter also performed well, with 60,800 m² of net absorption. This trend coincides with a continued decline in vacancy rates, which dropped to 17.5%, the lowest level in the analyzed series.

Between April and June, gross absorption — the total volume leased — reached 154,500 m², bringing the H1 total to nearly 342,200 m².

Even with new supply entering the market — approximately 37,000 m² across the first two quarters — the occupancy rate increased, indicating that demand for well-located, high-standard office space is swiftly absorbing new deliveries.