The external environment is challenging, with uncertainties regarding economic slowdown in the U.S. and the Fed’s stance. In Brazil, economic and employment indicators have exceeded expectations, leading to a revision of the GDP growth projection for 2024, which rose from 2.3% to 3.2%. Despite this, slower growth is anticipated in the second half of 2024, with a forecast of 2% for 2025.
2024 office market indicators show a consistent recovery in the real estate market, with a net absorption of 220,5 thousand m², nearly double the historical average of 120 thousand m². This indicator is expected to approach recorded in 2017, which was the best result in the historical series.
Download Sao Paulo Office Market Report Q3 2024