The Class A office market in the CBD region of Rio de Janeiro saw 20% vacancy in the third quarter, the same rate recorded in the preceding period. The data come from the survey released by the Department of Research and Market Intelligence for South America.shutterstock_210772063_500x316

The average asking price for rent declined between the quarters. The square meter was quoted at R$ 113.20, against R$ 116.00. “The downward trend in asking prices should continue in coming months due to the high volume of new deliveries expected for 2016,” says manager Gustavo Garcia, responsible for the publication.