Offices in Faria Lima reach up to R $ 400 m²

The law of supply and demand is lived in practice at the financial center of São Paulo. The low availability of corporate offices in regions of high demand, such as Faria Lima Avenue, inflates the price of the corporate square meter in the region, which reaches the ceiling of R $ 400 m²/month, according to the companies Colliers and Buildings, specialized in the corporate real estate market. The average price is R $ 316 m²/month, the most expensive in the city.

The amount is pressured by the low vacancy rate, which is 2% in this specific area, according to a exclusive survey released by Colliers. On Avenida Juscelino Kubitschek, the second most expensive, the average value is $ 293 m²/month, and the vacancy rate is 4%.

In the class A+offices, the average price practiced in the city until the third quarter of this year is R $ 101 m²/month, points to Colliers. The general vacancy rate was 17% in the period, remaining practically stable in the city.

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BOUTIQUE ENTERPRISES

The high prices of rents are not restricted to avenues. In the surroundings, a part of the city earned the nickname “Nova Faria Lima” in the real estate market and is made up of a piece of Itaim Bibi and Cidade Jardim neighborhoods, extending from the marginal at Shopping Eldorado to Avenida Santo Amaro.

In this region, according to the Buildings survey, also obtained exclusively, the vacancy rate in class A properties is 9.6% in the third quarter of this year. There, there are 107,000 m² under construction, a lower footage than the previous quarter.

This lack of major areas for new offices at Faria Lima drives the buildings of Boutique enterprises, says Fernando Didziakas, managing partner of Buildings.

“They are real estate in small buildings, four to six floors, well located and with high technical aspects,” he says.

Among the examples, he cites the properties produced by RBR Asset, such as Jha Corporate Boutique, which is still under construction. The seven -story venture, which has 5,900 m² Monousary, is located at Rua Iaiá, between Presidente Juscelino Kubitschek Avenue and Faria Lima.

“Even in smaller footballs, these enterprises stand out for their high standard technical specifications, such as last technology air conditioning, high right foot, high floor and sustainable certification, promising to deliver a lot of added value,” he says.

Expansion

Regarding the areas that will still be delivered, the highest concentrations of new square meters corporate in the city are concentrated in Churacu Zaidan, with 140.8 thousand m² in works, followed by Chácara Santo Antônio (97.5 thousand m²) and Pinheiros (93,500 m²).

This expansion of CEPs is also observed in projects. Chucri Zaidan, Rebouças and Marginal Pinheiros concentrate the largest areas of the city, with 38,000 m², 25.9 thousand m² and 21 thousand m², respectively, according to Colliers.