Available office space in São Paulo jumps 50% with wave of tenants vacating leased premises

The "wave" of office space returns is widespread. It includes traditional groups and spreads down to medium-sized companies. One aspect is clear: professional life in the post-pandemic will feature a strong home office component.

RIO DE JANEIRO, BRAZIL - As the home office was widely adopted by companies following the first covid-19 cases, a question arose within the corporate world in 2020: what will be the fate of office buildings that housed companies?

As 2021 begins, with the pandemic about to turn 12 months old, the answer to this question seems clear. The surge in office vacancies has already begun and, according to real estate experts, it is likely to worsen this year.

Companies' behavior is directly reflected in this market data. According to US corporate real estate specialist JLL, corporate building space vacancy . . .

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