Rio de Janeiro´s market closes the year with the lowest vacancy rate in the last 11 years – 4Q 2025

Rio de Janeiro's corporate market maintained its positive trajectory, recording the lowest vacancy rate in the last 10 years, now at 27.3%, representing a drop of 1.6 p.p. compared to the previous quarter and 4.7 p.p. in the annual comparison. The result reflects a more active and balanced market, driven by increased absorptions and the absence of new inventory.

The quarter presented the largest gross absorption volume of the year with 45 K sqm and the largest net absorption of 24.6 K sqm, with emphasis on Centro, which concentrated the main movements. Hapvida Saúde led the quarter with 25.9 K sqm in the Universidade Petrobrás building, followed by Lockey Box with 7.5 K sqm and Rioluz with 1.2 K sqm. The public sector maintained a relevant role in absorptions, but the quarter also evidenced greater participation from private companies, reinforcing demand diversification.

With greater focus on medium and large areas, the quarter achieved a total absence of leases in spaces up to 250 sqm. We had a decline compared to the second quarter of 2025, when leases up to 250 sqm represented 20% of the total volume, reinforcing the demand for more consolidated corporate occupations.