The occupancy rate in Rio de Janeiro went up in the quarter, with a net absorption of 19 thousand sqm. However, it was below the previous quarter and last year. Vacancy rate remained almost unchanged at 16.45%. The average asking monthly rent was R$ 21,08/sqm, almost unchanged compared to the previous quarter.
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Rio de Janeiro Industrial Market Report
Q3 2023
The market for high-end industrial and logistics warehouses remained positive in the third quarter, and all market indicators.