Itaim region recorded the highest appreciation in Class A corporate office rental pri500x316ces in São Paulo during the third quarter. The usable square meter per month was quoted at R$ 121.3, compared to R$ 112 in the previous quarter, up 8.3%. The average price in the state capital, which includes the main offices zones, remained stable: R$ 114.5, against R$ 114.3.

“The highest asking price in the city for rent is still in Faria Lima: R$ 160 per usable square meter, a 1.9% increase in value compared to the second quarter,” says Gustavo Garcia, Director of Research and Market Intelligence for South America. According to him, the only locations that recorded a drop in prices were Chácara Santo Antônio and Berrini, respectively 1.5% and 1.4%.

Check out the ranking of monthly asking prices for Class A corporate office rents in the third quarter. The data are from the Office MarketBeat survey:

São Paulo Region Asking price (per usable m² per month) in 3Q15
Faria Lima R$ 160
Vila Olímpia R$ 125
Paulista R$ 121
Itaim R$ 121.3
Berrini R$ 103.4
Marginal Pinheiros R$ 91.5
Chácara Santo Antônio R$ 68