Brazil Commercial Real Estate Shows More Decreases in May

Considering the accumulated inflation rate during the twelve-month period of 3.60 percent in Brazil, the actual decline in commercial real estate sale prices was 7.50 percent and in commercial lease prices, 9.09 percent.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - According to the latest FipeZap Commercial Index, Brazil commercial real estate prices across Rio de Janeiro, São Paulo, Belo Horizonte, and Porto Alegre declined slightly in May, with commercial sale prices falling an average of 0.43 percent, and commercial rental prices decreasing 0.49 percent.

Among the four cities in May, Rio de Janeiro had the most expensive commercial real estate sale prices with an average per square meter price of R$10,937. Subscribe to our Premium Membership Plan. Already Subscribed?