With the lowest vacancy of the year, highest gross and net absorption, Rio de Janeiro shows the best quarter performance in 2025

Rio de Janeiro's corporate market maintained its positive trajectory, recording the lowest vacancy rate in the last 10 years at 27.3%, representing a decline of 1.6 percentage points compared to the previous quarter and 4.7 percentage points year-over-year. The result reflects a more active and balanced market, driven by increased absorption and the absence of new supply.

The quarter presented the highest gross absorption volume of the year with 45,000 sqm and the highest net absorption of 24,600 sqm, with Centro district standing out as it concentrated the main movements. Hapvida Saúde led the quarter with 25,900 sqm in the Universidade Petrobrás building, followed by Lockey Box with 7,500 sqm and Rioluz with 1,200 sqm. The public sector maintained a relevant role in absorption, but the quarter also showed greater participation from private companies, reinforcing demand diversification.

With greater focus on medium and large areas, the quarter achieved a complete 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 demand for more consolidated corporate occupations.