Financial Heart Faria Lima Tops São Paulo’s Commercial Rent Increase
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 […]