São Paulo and Rio will have more empty offices in 2021

The market, however, already feels the impacts of the new work model projected by the crisis. According to the High Standard Office Market report by JLL, a real estate consultancy specialised in corporate properties, in the first quarter of 2020, there was a 19.3% vacancy in the city and 13.6% in rental areas. Very similar percentages to the Siila platform, a data platform for the real estate market, showed vacancy rates of 15.4% in the second quarter for high-end corporate developments in São Paulo and 32% in Rio de Janeiro.

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