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New SP corporate slabs

Dennys Andrade • 11/9/2023

The city of São Paulo should gain 25 thousand m² of new corporate spaces by the end of the year. This is what the MarketBeat reports for the third quarter of 2023, from Cushman & Wakefield, show.

In the last quarter, 22,715 m² of corporate slabs were delivered in the following regions: Vila Olímpia with 13,960 m² at Auri Plaza Faria Lima; and Pinheiros with 8,755 m² in Pátio Rebouças.

By the end of the year, approximately 25 thousand m² are expected to be delivered in the city.

The new deliveries come at a good time and are in line with what several CEOs want for the resumption of in-person work. They believe that presence is essential for innovation and collaboration. Companies such as Amazon, Meta, Google and Salesforce have recently publicly demonstrated that they intend to adopt measures to increase the frequency of employees in their offices. Many of them have invested in the attractiveness of the physical space as a way of motivating professionals to return to in-person work.

Leases to occupy
The city of São Paulo has 85,857 m² to be occupied in the coming months. The region with the largest leased area is Chucri Zaidan, totaling 24,103 m², followed by Faria Lima with 12,653 m², JK with 10,864 m², Vila Olímpia with 8,708 m² and Berrini with 7,647 m². Pinheiros, Chácara Sto. Antônio, Paulista, Marginal Pinheiros, and Santo Amaro together total 21,882 m². In relation to the third quarter, São Paulo totals 70,485 m² leased.
Of the total areas transacted in the third quarter of 2023 by region, Chucri Zaidan continues to receive the largest number of leases, 17,880 m² in the quarter, followed by JK with 11,183 m², Vila Olímpia with 9,317 m² and Faria Lima with 8,524 m² leased.

The other markets: Paulista, Berrini, Pinheiros, Chácara Sto. Antônio, Marginal Pinheiros and Santo Amaro totaled 23,581 m².

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