Financial Heart Faria Lima Tops São Paulo’s Commercial Rent Increase
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Faria Lima, known as São Paulo’s financial epicenter, is seeing unprecedented hikes in commercial rent, significantly outperforming other city regions.
A report by Cushman & Wakefield indicates a 20% surge in office rental costs in 2023, with expectations for continued high rates.
Last quarter, Faria Lima averaged R$220 ($44) and Itaim R$280 ($56) per square meter, starkly contrasting city-wide R$109.76 ($21.95).
Daniel Battistella highlights a notable
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