Soaring Office Rents in São Paulo

INSUBCONTINENT EXCLUSIVE:
prices.Vacancy rates in these financial hubs have plummeted to zero
Properties, offers exclusive smaller floors
Its rental price stands at R$317 ($57) per square meter, JLL reports.Corporativo Faria Lima, another new building by Grupo 4M, has no
average R$350 ($63) per square meter.Infinity Tower, housing several large financial institutions, averages R$340 ($62) per square
(Photo Internet reproduction)Santos Augusta on Alameda Santos in Paulista also has zero vacancy
Its rental prices are about R$200 ($36) per square meter.The pandemic significantly impacted corporate real estate in 2020, leading to many
companies returning leased spaces by 2021.Post-COVID, Faria Lima, JK, and Itaim saw quick recoveries, driven by finance, tech, and legal
biggest market transaction: Faria Lima 3500 sold to a major financial institution for R$1.5 billion ($272 million).This sale set an
challenges, offering significant discounts due to new stock.The continuous price growth in Faria Lima and Itaim suggests further increases,