Brazilian GDP grew by 1.4% in the 1st quarter of 2025, driven by agribusiness, the labor market, and increased income but the outlook for 2025 points to a gradual slowdown, with more modest growth projected for 2026 (1.6%). Inflation is expected to continue falling, though likely to remain above the target.
The market for corporate office space in São Paulo continued to recover in the second quarter of the year driven by consistent demand and the outlook for the second half of the year is positive — particularly if the macroeconomic environment stabilizes, inflation stays in check, interest rates decline, and there is progress on structural economic reforms.
Download Sao Paulo Office Market Report Q2 2025