THE COVID-19 CRISIS SHOWS SIGNS OF IMPACTING THE ECONOMY
The Covid-19 pandemic has significantly slowed global economic growth – for how long and how much is still not known. The isolation measures adopted to slow the spread of disease led to a significant drop in demand in most industries. Activities have been suspended, jobs have been eliminated and there is uncertainty regarding how the pandemic will evolve.
The market for high-end office space in São Paulo ended 2Q2020 with a reduction in occupied space. Returns exceeded new leases in almost all office regions. Quarterly net absorption was - 24 thousand sq.m, but year-to-date was positive by 21.7 thousand sq.m.Download Sao Paulo Office Market Report Q2 2020