It is all about supply and demand…

Chart 1: Supply (launch) of office space (in square meters) by year in Sao Paulo (just notice how 2012 will see a supply more than 4x higher than 2008’s)

Chart 2: Office rent price per square meter in Rio de Janeiro has decelerated this year

Chart 3: Increase in first quarter office vacancy rates in Rio de Janeiro

Sources: Jones Lang LaSalle, Exame

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