The market for high-end office buildings in Rio de Janeiro ended on a positive note, especially in terms of demand. Although gross and net absorption dropped last quarter, it remained above the levels in late 2023, and accumulated numbers for the year were the best they have been since 2019.
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Rio de Janeiro Office Market Report
Q4 2024
Leasing activity picked up in 2024. Gross and net absorption in the last quarter of the year were 36 and 25 thousand respectively, with accumulated number for the year of 157 and 100 thousand m², the highest it have been since 2019.
