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Satildeo Paulo Office Skyline July 2014
w
-15 -10 -5 0 5 10 15
Sao PauloMoscow
BeijingParis
SydneySeoul
BrusselsMadrid
Washington DCMumbai
Hong KongStockholm
BostonFrankfurtChicago
Mexico CityShanghai
TorontoTokyo
New YorkLos Angeles
San FranciscoLondon
DubaiSingapore
0 5 10 15 20 25 30
ChicagoLos Angeles
MadridNew York
Washington DCBrusselsToronto
StockholmFrankfurt
SydneySeoul
BostonParis
San FranciscoSingapore
LondonHong Kong
BeijingTokyo
MoscowDubai
MumbaiMexico City
ShanghaiSao Paulo
New York ndash Midtown London ndash West End Paris - CBD Nominal rates in local currency Source JLL April 2014
+ 10-20
+ 5-10
+ 0-5
- 0-5
- 5-10
Dubai London New YorkSan Francisco Hong Kong Tokyo
Singapore
Capital ValuesRental Values
Frankfurt Paris Boston ChicagoLos Angeles Toronto Washington DC Mexico City Beijing Seoul MumbaiShanghai StockholmBrussels Madrid
Moscow Sydney
Tokyo New YorkSan Francisco Madrid
Dubai London Boston ChicagoLos Angeles FrankfurtSeoul Singapore
Paris Shanghai MumbaiWashington DC TorontoMexico City Beijing Hong KongSydney Stockholm Brussels
Sao Paulo
Moscow
Sao Paulo
Rental Value growth slowing
Rental Value growth
accelerating
Rental Values bottoming out
Rental Values falling
Washington DC
Boston
Los Angeles Dubai
San Francisco Houston
Brussels Singapore Shanghai
Dallas London
Paris
Milan
Frankfurt
MoscowBerlin
Stockholm
Amsterdam Sao Paulo
Chicago Madrid
Mexico City
Toronto
Beijing
Hong Kong
Sydney
Seoul
Mumbai
RomeNew York Johannesburg
Istanbul Tokyo
Rental Value growth slowing
Rental Value growth
accelerating
Rental Values bottoming out
Rental Values falling
Brussels Paris Madrid Beijing Hong Kong Sydney
Singapore
Seoul
New York Stockholm TokyoBoston
Shanghai
Amsterdam
Berlin FrankfurtJohannesburg
London
Milan
Moscow
Los Angeles Istanbul Mumbai
Chicago Dubai
San Francisco
Washington DC
Houston
TorontoMexico City
Sao PauloDallas
Based on rents for Grade A space in CBD or equivalent US positions relate to the overall market
Americas EMEA Asia Pacific
Prime Offices - Projected Changes in Values 2014
1Q2013
1Q2014
The Jones Lang LaSalle Property Clocks SM
Prime Offices ndash City Rental Clock Prime Offices - Rental Change Q12013-Q12014
Americas EMEA
Asia Pacific
change
Supply Pipeline Major Markets 2014-2015
Office Market Overview - Global
Source JLL April 2014 Covers all office sub-markets in each city Tokyo ndash CBD - 5 kus
Completions as of existing stock
2014
2015
Source JLL April 2014 Based on rents for Grade A space in CBD or equivalent In local currency
MontevideoBuenos Aires
Santiago
Rio de Janeiro
Lima
Bogotaacute
Monterrey
Mexico City
Guadalajara
San Joseacute
Panama City
Caracas
GuayaquilQuito
Medelliacuten
San Juan
Cali
Satildeo Paulo
Barranquilla
- 1000000 2000000 3000000 4000000 5000000
Barranquilla
Cali
Guadalajara
Guayaquil
Montevideo
Quito
Medelliacuten
San Juan
Panama City
San Joseacute
Monterrey
Lima
Caracas
Buenos Aires
Bogotaacute
Rio de Janeiro
Santiago
Satildeo Paulo
Mexico City
Production Pipelinevs Current Stock
Current Stock End-Year 2013
Production Q1 2014 - Q4 2015
Santo Domingo
Caracas Santiago
Bogotaacute
RentsFalling
Rental GrowthAccelerating
RentsBottoming Out
Medellin
Lima
San Juan
Rental GrowthSlowing
Panama City
San JoseBuenos Aires
Sao Paulo
Rio de Janeiro
Mexico City
Monterrey
Guadalajara
Montevideo 22
28
30
43
48
49
52
61
65
68
74
110
115
146
158
165
175
184
373
0 5 10 15 20 25 30 35 40
Medelliacuten
Lima
Bogotaacute
Caracas
Barranquilla
Buenos Aires
Santiago
Quito
Cali
Guadalajara
Montevideo
Mexico City
San Joseacute
Rio de Janeiro
Guayaquil
San Juan
Monterrey
Satildeo Paulo
Panama City
Vacancy Q2 2013
$- $1000 $2000 $3000 $4000 $5000 $6000 $7000
Guayaquil
San Joseacute
Quito
San Juan
Monterrey
Barranqulila
Panama City
Guadalajara
Medelliacuten
Cali
Mexico City
Santiago
Buenos Aires
Lima
Montevideo
Bogotaacute
Satildeo Paulo
Rio de Janeiro
Caracas
Average Rents (USdm2mo)
Average RentClass A
Average RentClass AB
Latin-America
Production Pipeline vs Current Stock (m2)
Vacancy Rates EY 2013
Average Asking Rents EY 2013
Production vs Net Absorption (m2) Y-o-Y
- 50000 100000 150000 200000 250000 300000 350000 400000 450000
San Juan
Cali
Montevideo
Monterrey
Guayaquil
Guadalajara
Barranquilla
Medelliacuten
Caracas
Quito
Buenos Aires
Bogotaacute
San Joseacute
Lima
Rio de Janeiro
Panama City
Santiago
Satildeo Paulo
Mexico City
Y-o-Y Production vs Net Absorption Q2 2012 - Q2 2013
Production
Net Absorption
Office Vacancy Rate Class A and AB Rentable Area (m2)
Average Asking Rents (USDm2month)Rentable Area (Millions of m2)
Latin-America 2Q2014
00
10
20
30
40
50
60Millionsqm
Classes AAampA stock evolution
R$sqm
Class AAampA asking rents
0
5
10
15
20
25
30
-100
0
100
200
300
400
500
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
acute000 sqm Net absorption and vacancy evolution
NEW STOCK NET ABSORPTION VACANCY RATE
461
170
225
72
166
127
00
189
87
43
138
276
467
125
209
72
135 130
00
201
87
36
139
239
Vacancy Rate ()
Satildeo Paulo
Total inventoryapproximately
130 million sqmHigh-end stock
(AA amp A) 28 of total inventory
2Q 2014Vacancy Rate
(AA ampA) 205
Satildeo Paulo average asking rent
(AA amp A) R$ 951
Average asking rent YoY
variation-160
Population density7500
inhabkmsup2
Satildeo Paulo DemographicsAverage income
R$3500 per household
Source Jones Lang LaSalle reserach - Brazil July 2014
Sources SEADE IBGE PMSP
Population2014
118 million inhabitants
R$ 443 billion GDP
5 million formal jobs positions
65 is from services sector
00
10
20
30
40
50
60Millionsqm
Satildeo Paulo - Classes AAampA stock evolution
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Torrre SantanderAv Pres J Kubitschek 2041
200969591 sqm2401 sqm2401 sqm000 sqm
0000 sqm
Plaza JKAv Pres J Kubitschek 1700
20048220 sqm548 sqm548 sqm274 sqm
3000 sqm
JK 1600Av Pres J Kubitschek 1600
201212791 sqm
853 sqm853 sqm
3412 sqm26
000 sqm
Spazio JKAv Pres J Kubitschek 1726
200011922 sqm
567 sqm567 sqm850 sqm
7000 sqm
Juscelino PlazaR E de Souza Aranha 387
20007744 sqm484 sqm484 sqm000 sqm
0000 sqm
JK Financial CenterAv Pres J Kubitschek 510
200012859 sqm
790 sqm893 sqm000 sqm
0000 sqm
360ordm JKAv Pres J Kubitschek 360
200912549 sqm
698 sqm698 sqm000 sqm
0000 sqm
Corporate ParkR Dr R P de Barros 1017
200317929 sqm1225 sqm1584 sqm2450 sqm
13000 sqm
Itaim e Vila Oliacutempia59
Class A
Class AA 85
35
Vila Oliacutempia AA amp A buildingsin skyline
V Oliacutempiahigh-end
stock369000
sqm
New Stock forecast
2014-2015179600
sqm
Last 12 months
production36000 sqm
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Jardim EuropaAv Nove de Julho 5229
197520149000 sqm818 sqm818 sqm
9000 sqm100
000 sqm
461
170
225
72
166127
00
189
87
43
138
276
467
125
209
72
135 130
00
201
87
36
139
239
Satildeo Paulo - Vacancy Rate ()
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
E-TowerR Funchal 418
200521978 sqm
490 sqm1533 sqm3728 sqm
17000 sqm
Vila Oliacutempia Corporate Plaza
Rua Satildeo Tomeacute 862006
9822 sqm481 sqm481 sqm000 sqm
0000 sqm
Francisco Mellatildeo - Bloco 1
R Funchal 2632000
7912 sqm424 sqm424 sqm318 sqm
4000 sqm
Camargo Corporate - BAv Pres J Kubitschek
201556770 sqm1803 sqm2570 sqm
56770 sqm100
000 sqm
Camargo Corporate - AAv Pres J Kubitschek
201456770 sqm1803 sqm2570 sqm56770 sqm
100000 sqm
Complexo JK - Torre BAv Chedid Jafet 131
201428236 sqm4706 sqm4706 sqm28236 sqm
100000 sqm
Complexo JK - Torre EAv Chedid Jafet
201322596 sqm1189 sqm1189 sqm15462 sqm
687134 sqm
Complexo JK - Torre DAv J Kubitschek
201312206 sqm
678 sqm678 sqm
12206 sqm100
000 sqm
Vila Oliacutempia
Last 12 months net absorption 3600 sqm
V Oliacutempiaregion
vacancy276
238 of stock is available
V OliacutempiaAA buildingsvacancy rate
339
V Oliacutempia A buildings
vacancy rate
178
V Oliacutempia vacancy rate YoY
variation
711 bps
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Oliacutempia Business TowerR Helena 29
201418609 sqm
838 sqm838 sqm
18609 sqm100
000 sqm
R$sqm Satildeo Paulo - Class AAampA asking rents
Central Vila OliacutempiaRua G de Carvalho1361
201515756 sqm1162 sqm1222 sqm
15756 sqm100
000 sqm
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Capital CenterRua das Olimpiacuteadas 66
20088418 sqm701 sqm701 sqm000 sqm
0000 sqm
Continental SquareRua das Olimpiacuteadas 205
200326418 sqm1700 sqm1700 sqm3400 sqm
13000 sqm
One HundredRua das Olimpiacuteadas 100
20035072 sqm484 sqm484 sqm000 sqm
0000 sqm
Alpha TowerRua das Olimpiacuteadas 134
20116552 sqm535 sqm597 sqm298 sqm
4303 sqm
Vila Oliacutempia Corporate - B
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm12846 sqm
712438 sqm
Vila Oliacutempia Corporate - A
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm15284 sqm
84697 sqm
Sky CorporateRua G de Carvalho 1996
201225605 sqm1121 sqm2653 sqm11046 sqm
433809 sqm
Vila Oliacutempia
AAampA V Oliacutempia asking rent
R$108
Class AA asking rent R$ 111
Class A asking rent R$ 107
Asking rent average decreased 01 QoQ
Asking rent average decreased 156 YoY
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Raja GabagliaAl Raja Gabaglia 61
201412000 sqm
600 sqm600 sqm
12000 sqm100
000 sqm
Alessandra OsiroOperations Director
About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom
COPYRIGHT copy JONES LANG LASALLE IP INC 2014 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL
ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between April 1st and July 31st 2014 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 (11) 3043-6999
About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr
Andreacute RosaManaging Director
Marcelo Sasaki+55 11 3043-6897marcelosasakiamjllcom
Monica Lee+55 11 3043-6947monicaleeamjllcom
Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom
Roberto Patino+55 11 3043-7140robertopatinoamjllcom
Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom
Ricardo HirataHead of Research
Client SolutionsSatildeo Paulo
TransactionsOffice Division
Julia BotelhoOffice Division Leader
Market IntelligenceSatildeo PauloRio de Janeiro
Global Clients
w
-15 -10 -5 0 5 10 15
Sao PauloMoscow
BeijingParis
SydneySeoul
BrusselsMadrid
Washington DCMumbai
Hong KongStockholm
BostonFrankfurtChicago
Mexico CityShanghai
TorontoTokyo
New YorkLos Angeles
San FranciscoLondon
DubaiSingapore
0 5 10 15 20 25 30
ChicagoLos Angeles
MadridNew York
Washington DCBrusselsToronto
StockholmFrankfurt
SydneySeoul
BostonParis
San FranciscoSingapore
LondonHong Kong
BeijingTokyo
MoscowDubai
MumbaiMexico City
ShanghaiSao Paulo
New York ndash Midtown London ndash West End Paris - CBD Nominal rates in local currency Source JLL April 2014
+ 10-20
+ 5-10
+ 0-5
- 0-5
- 5-10
Dubai London New YorkSan Francisco Hong Kong Tokyo
Singapore
Capital ValuesRental Values
Frankfurt Paris Boston ChicagoLos Angeles Toronto Washington DC Mexico City Beijing Seoul MumbaiShanghai StockholmBrussels Madrid
Moscow Sydney
Tokyo New YorkSan Francisco Madrid
Dubai London Boston ChicagoLos Angeles FrankfurtSeoul Singapore
Paris Shanghai MumbaiWashington DC TorontoMexico City Beijing Hong KongSydney Stockholm Brussels
Sao Paulo
Moscow
Sao Paulo
Rental Value growth slowing
Rental Value growth
accelerating
Rental Values bottoming out
Rental Values falling
Washington DC
Boston
Los Angeles Dubai
San Francisco Houston
Brussels Singapore Shanghai
Dallas London
Paris
Milan
Frankfurt
MoscowBerlin
Stockholm
Amsterdam Sao Paulo
Chicago Madrid
Mexico City
Toronto
Beijing
Hong Kong
Sydney
Seoul
Mumbai
RomeNew York Johannesburg
Istanbul Tokyo
Rental Value growth slowing
Rental Value growth
accelerating
Rental Values bottoming out
Rental Values falling
Brussels Paris Madrid Beijing Hong Kong Sydney
Singapore
Seoul
New York Stockholm TokyoBoston
Shanghai
Amsterdam
Berlin FrankfurtJohannesburg
London
Milan
Moscow
Los Angeles Istanbul Mumbai
Chicago Dubai
San Francisco
Washington DC
Houston
TorontoMexico City
Sao PauloDallas
Based on rents for Grade A space in CBD or equivalent US positions relate to the overall market
Americas EMEA Asia Pacific
Prime Offices - Projected Changes in Values 2014
1Q2013
1Q2014
The Jones Lang LaSalle Property Clocks SM
Prime Offices ndash City Rental Clock Prime Offices - Rental Change Q12013-Q12014
Americas EMEA
Asia Pacific
change
Supply Pipeline Major Markets 2014-2015
Office Market Overview - Global
Source JLL April 2014 Covers all office sub-markets in each city Tokyo ndash CBD - 5 kus
Completions as of existing stock
2014
2015
Source JLL April 2014 Based on rents for Grade A space in CBD or equivalent In local currency
MontevideoBuenos Aires
Santiago
Rio de Janeiro
Lima
Bogotaacute
Monterrey
Mexico City
Guadalajara
San Joseacute
Panama City
Caracas
GuayaquilQuito
Medelliacuten
San Juan
Cali
Satildeo Paulo
Barranquilla
- 1000000 2000000 3000000 4000000 5000000
Barranquilla
Cali
Guadalajara
Guayaquil
Montevideo
Quito
Medelliacuten
San Juan
Panama City
San Joseacute
Monterrey
Lima
Caracas
Buenos Aires
Bogotaacute
Rio de Janeiro
Santiago
Satildeo Paulo
Mexico City
Production Pipelinevs Current Stock
Current Stock End-Year 2013
Production Q1 2014 - Q4 2015
Santo Domingo
Caracas Santiago
Bogotaacute
RentsFalling
Rental GrowthAccelerating
RentsBottoming Out
Medellin
Lima
San Juan
Rental GrowthSlowing
Panama City
San JoseBuenos Aires
Sao Paulo
Rio de Janeiro
Mexico City
Monterrey
Guadalajara
Montevideo 22
28
30
43
48
49
52
61
65
68
74
110
115
146
158
165
175
184
373
0 5 10 15 20 25 30 35 40
Medelliacuten
Lima
Bogotaacute
Caracas
Barranquilla
Buenos Aires
Santiago
Quito
Cali
Guadalajara
Montevideo
Mexico City
San Joseacute
Rio de Janeiro
Guayaquil
San Juan
Monterrey
Satildeo Paulo
Panama City
Vacancy Q2 2013
$- $1000 $2000 $3000 $4000 $5000 $6000 $7000
Guayaquil
San Joseacute
Quito
San Juan
Monterrey
Barranqulila
Panama City
Guadalajara
Medelliacuten
Cali
Mexico City
Santiago
Buenos Aires
Lima
Montevideo
Bogotaacute
Satildeo Paulo
Rio de Janeiro
Caracas
Average Rents (USdm2mo)
Average RentClass A
Average RentClass AB
Latin-America
Production Pipeline vs Current Stock (m2)
Vacancy Rates EY 2013
Average Asking Rents EY 2013
Production vs Net Absorption (m2) Y-o-Y
- 50000 100000 150000 200000 250000 300000 350000 400000 450000
San Juan
Cali
Montevideo
Monterrey
Guayaquil
Guadalajara
Barranquilla
Medelliacuten
Caracas
Quito
Buenos Aires
Bogotaacute
San Joseacute
Lima
Rio de Janeiro
Panama City
Santiago
Satildeo Paulo
Mexico City
Y-o-Y Production vs Net Absorption Q2 2012 - Q2 2013
Production
Net Absorption
Office Vacancy Rate Class A and AB Rentable Area (m2)
Average Asking Rents (USDm2month)Rentable Area (Millions of m2)
Latin-America 2Q2014
00
10
20
30
40
50
60Millionsqm
Classes AAampA stock evolution
R$sqm
Class AAampA asking rents
0
5
10
15
20
25
30
-100
0
100
200
300
400
500
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
acute000 sqm Net absorption and vacancy evolution
NEW STOCK NET ABSORPTION VACANCY RATE
461
170
225
72
166
127
00
189
87
43
138
276
467
125
209
72
135 130
00
201
87
36
139
239
Vacancy Rate ()
Satildeo Paulo
Total inventoryapproximately
130 million sqmHigh-end stock
(AA amp A) 28 of total inventory
2Q 2014Vacancy Rate
(AA ampA) 205
Satildeo Paulo average asking rent
(AA amp A) R$ 951
Average asking rent YoY
variation-160
Population density7500
inhabkmsup2
Satildeo Paulo DemographicsAverage income
R$3500 per household
Source Jones Lang LaSalle reserach - Brazil July 2014
Sources SEADE IBGE PMSP
Population2014
118 million inhabitants
R$ 443 billion GDP
5 million formal jobs positions
65 is from services sector
00
10
20
30
40
50
60Millionsqm
Satildeo Paulo - Classes AAampA stock evolution
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Torrre SantanderAv Pres J Kubitschek 2041
200969591 sqm2401 sqm2401 sqm000 sqm
0000 sqm
Plaza JKAv Pres J Kubitschek 1700
20048220 sqm548 sqm548 sqm274 sqm
3000 sqm
JK 1600Av Pres J Kubitschek 1600
201212791 sqm
853 sqm853 sqm
3412 sqm26
000 sqm
Spazio JKAv Pres J Kubitschek 1726
200011922 sqm
567 sqm567 sqm850 sqm
7000 sqm
Juscelino PlazaR E de Souza Aranha 387
20007744 sqm484 sqm484 sqm000 sqm
0000 sqm
JK Financial CenterAv Pres J Kubitschek 510
200012859 sqm
790 sqm893 sqm000 sqm
0000 sqm
360ordm JKAv Pres J Kubitschek 360
200912549 sqm
698 sqm698 sqm000 sqm
0000 sqm
Corporate ParkR Dr R P de Barros 1017
200317929 sqm1225 sqm1584 sqm2450 sqm
13000 sqm
Itaim e Vila Oliacutempia59
Class A
Class AA 85
35
Vila Oliacutempia AA amp A buildingsin skyline
V Oliacutempiahigh-end
stock369000
sqm
New Stock forecast
2014-2015179600
sqm
Last 12 months
production36000 sqm
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Jardim EuropaAv Nove de Julho 5229
197520149000 sqm818 sqm818 sqm
9000 sqm100
000 sqm
461
170
225
72
166127
00
189
87
43
138
276
467
125
209
72
135 130
00
201
87
36
139
239
Satildeo Paulo - Vacancy Rate ()
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
E-TowerR Funchal 418
200521978 sqm
490 sqm1533 sqm3728 sqm
17000 sqm
Vila Oliacutempia Corporate Plaza
Rua Satildeo Tomeacute 862006
9822 sqm481 sqm481 sqm000 sqm
0000 sqm
Francisco Mellatildeo - Bloco 1
R Funchal 2632000
7912 sqm424 sqm424 sqm318 sqm
4000 sqm
Camargo Corporate - BAv Pres J Kubitschek
201556770 sqm1803 sqm2570 sqm
56770 sqm100
000 sqm
Camargo Corporate - AAv Pres J Kubitschek
201456770 sqm1803 sqm2570 sqm56770 sqm
100000 sqm
Complexo JK - Torre BAv Chedid Jafet 131
201428236 sqm4706 sqm4706 sqm28236 sqm
100000 sqm
Complexo JK - Torre EAv Chedid Jafet
201322596 sqm1189 sqm1189 sqm15462 sqm
687134 sqm
Complexo JK - Torre DAv J Kubitschek
201312206 sqm
678 sqm678 sqm
12206 sqm100
000 sqm
Vila Oliacutempia
Last 12 months net absorption 3600 sqm
V Oliacutempiaregion
vacancy276
238 of stock is available
V OliacutempiaAA buildingsvacancy rate
339
V Oliacutempia A buildings
vacancy rate
178
V Oliacutempia vacancy rate YoY
variation
711 bps
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Oliacutempia Business TowerR Helena 29
201418609 sqm
838 sqm838 sqm
18609 sqm100
000 sqm
R$sqm Satildeo Paulo - Class AAampA asking rents
Central Vila OliacutempiaRua G de Carvalho1361
201515756 sqm1162 sqm1222 sqm
15756 sqm100
000 sqm
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Capital CenterRua das Olimpiacuteadas 66
20088418 sqm701 sqm701 sqm000 sqm
0000 sqm
Continental SquareRua das Olimpiacuteadas 205
200326418 sqm1700 sqm1700 sqm3400 sqm
13000 sqm
One HundredRua das Olimpiacuteadas 100
20035072 sqm484 sqm484 sqm000 sqm
0000 sqm
Alpha TowerRua das Olimpiacuteadas 134
20116552 sqm535 sqm597 sqm298 sqm
4303 sqm
Vila Oliacutempia Corporate - B
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm12846 sqm
712438 sqm
Vila Oliacutempia Corporate - A
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm15284 sqm
84697 sqm
Sky CorporateRua G de Carvalho 1996
201225605 sqm1121 sqm2653 sqm11046 sqm
433809 sqm
Vila Oliacutempia
AAampA V Oliacutempia asking rent
R$108
Class AA asking rent R$ 111
Class A asking rent R$ 107
Asking rent average decreased 01 QoQ
Asking rent average decreased 156 YoY
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Raja GabagliaAl Raja Gabaglia 61
201412000 sqm
600 sqm600 sqm
12000 sqm100
000 sqm
Alessandra OsiroOperations Director
About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom
COPYRIGHT copy JONES LANG LASALLE IP INC 2014 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL
ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between April 1st and July 31st 2014 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 (11) 3043-6999
About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr
Andreacute RosaManaging Director
Marcelo Sasaki+55 11 3043-6897marcelosasakiamjllcom
Monica Lee+55 11 3043-6947monicaleeamjllcom
Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom
Roberto Patino+55 11 3043-7140robertopatinoamjllcom
Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom
Ricardo HirataHead of Research
Client SolutionsSatildeo Paulo
TransactionsOffice Division
Julia BotelhoOffice Division Leader
Market IntelligenceSatildeo PauloRio de Janeiro
Global Clients
MontevideoBuenos Aires
Santiago
Rio de Janeiro
Lima
Bogotaacute
Monterrey
Mexico City
Guadalajara
San Joseacute
Panama City
Caracas
GuayaquilQuito
Medelliacuten
San Juan
Cali
Satildeo Paulo
Barranquilla
- 1000000 2000000 3000000 4000000 5000000
Barranquilla
Cali
Guadalajara
Guayaquil
Montevideo
Quito
Medelliacuten
San Juan
Panama City
San Joseacute
Monterrey
Lima
Caracas
Buenos Aires
Bogotaacute
Rio de Janeiro
Santiago
Satildeo Paulo
Mexico City
Production Pipelinevs Current Stock
Current Stock End-Year 2013
Production Q1 2014 - Q4 2015
Santo Domingo
Caracas Santiago
Bogotaacute
RentsFalling
Rental GrowthAccelerating
RentsBottoming Out
Medellin
Lima
San Juan
Rental GrowthSlowing
Panama City
San JoseBuenos Aires
Sao Paulo
Rio de Janeiro
Mexico City
Monterrey
Guadalajara
Montevideo 22
28
30
43
48
49
52
61
65
68
74
110
115
146
158
165
175
184
373
0 5 10 15 20 25 30 35 40
Medelliacuten
Lima
Bogotaacute
Caracas
Barranquilla
Buenos Aires
Santiago
Quito
Cali
Guadalajara
Montevideo
Mexico City
San Joseacute
Rio de Janeiro
Guayaquil
San Juan
Monterrey
Satildeo Paulo
Panama City
Vacancy Q2 2013
$- $1000 $2000 $3000 $4000 $5000 $6000 $7000
Guayaquil
San Joseacute
Quito
San Juan
Monterrey
Barranqulila
Panama City
Guadalajara
Medelliacuten
Cali
Mexico City
Santiago
Buenos Aires
Lima
Montevideo
Bogotaacute
Satildeo Paulo
Rio de Janeiro
Caracas
Average Rents (USdm2mo)
Average RentClass A
Average RentClass AB
Latin-America
Production Pipeline vs Current Stock (m2)
Vacancy Rates EY 2013
Average Asking Rents EY 2013
Production vs Net Absorption (m2) Y-o-Y
- 50000 100000 150000 200000 250000 300000 350000 400000 450000
San Juan
Cali
Montevideo
Monterrey
Guayaquil
Guadalajara
Barranquilla
Medelliacuten
Caracas
Quito
Buenos Aires
Bogotaacute
San Joseacute
Lima
Rio de Janeiro
Panama City
Santiago
Satildeo Paulo
Mexico City
Y-o-Y Production vs Net Absorption Q2 2012 - Q2 2013
Production
Net Absorption
Office Vacancy Rate Class A and AB Rentable Area (m2)
Average Asking Rents (USDm2month)Rentable Area (Millions of m2)
Latin-America 2Q2014
00
10
20
30
40
50
60Millionsqm
Classes AAampA stock evolution
R$sqm
Class AAampA asking rents
0
5
10
15
20
25
30
-100
0
100
200
300
400
500
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
acute000 sqm Net absorption and vacancy evolution
NEW STOCK NET ABSORPTION VACANCY RATE
461
170
225
72
166
127
00
189
87
43
138
276
467
125
209
72
135 130
00
201
87
36
139
239
Vacancy Rate ()
Satildeo Paulo
Total inventoryapproximately
130 million sqmHigh-end stock
(AA amp A) 28 of total inventory
2Q 2014Vacancy Rate
(AA ampA) 205
Satildeo Paulo average asking rent
(AA amp A) R$ 951
Average asking rent YoY
variation-160
Population density7500
inhabkmsup2
Satildeo Paulo DemographicsAverage income
R$3500 per household
Source Jones Lang LaSalle reserach - Brazil July 2014
Sources SEADE IBGE PMSP
Population2014
118 million inhabitants
R$ 443 billion GDP
5 million formal jobs positions
65 is from services sector
00
10
20
30
40
50
60Millionsqm
Satildeo Paulo - Classes AAampA stock evolution
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Torrre SantanderAv Pres J Kubitschek 2041
200969591 sqm2401 sqm2401 sqm000 sqm
0000 sqm
Plaza JKAv Pres J Kubitschek 1700
20048220 sqm548 sqm548 sqm274 sqm
3000 sqm
JK 1600Av Pres J Kubitschek 1600
201212791 sqm
853 sqm853 sqm
3412 sqm26
000 sqm
Spazio JKAv Pres J Kubitschek 1726
200011922 sqm
567 sqm567 sqm850 sqm
7000 sqm
Juscelino PlazaR E de Souza Aranha 387
20007744 sqm484 sqm484 sqm000 sqm
0000 sqm
JK Financial CenterAv Pres J Kubitschek 510
200012859 sqm
790 sqm893 sqm000 sqm
0000 sqm
360ordm JKAv Pres J Kubitschek 360
200912549 sqm
698 sqm698 sqm000 sqm
0000 sqm
Corporate ParkR Dr R P de Barros 1017
200317929 sqm1225 sqm1584 sqm2450 sqm
13000 sqm
Itaim e Vila Oliacutempia59
Class A
Class AA 85
35
Vila Oliacutempia AA amp A buildingsin skyline
V Oliacutempiahigh-end
stock369000
sqm
New Stock forecast
2014-2015179600
sqm
Last 12 months
production36000 sqm
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Jardim EuropaAv Nove de Julho 5229
197520149000 sqm818 sqm818 sqm
9000 sqm100
000 sqm
461
170
225
72
166127
00
189
87
43
138
276
467
125
209
72
135 130
00
201
87
36
139
239
Satildeo Paulo - Vacancy Rate ()
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
E-TowerR Funchal 418
200521978 sqm
490 sqm1533 sqm3728 sqm
17000 sqm
Vila Oliacutempia Corporate Plaza
Rua Satildeo Tomeacute 862006
9822 sqm481 sqm481 sqm000 sqm
0000 sqm
Francisco Mellatildeo - Bloco 1
R Funchal 2632000
7912 sqm424 sqm424 sqm318 sqm
4000 sqm
Camargo Corporate - BAv Pres J Kubitschek
201556770 sqm1803 sqm2570 sqm
56770 sqm100
000 sqm
Camargo Corporate - AAv Pres J Kubitschek
201456770 sqm1803 sqm2570 sqm56770 sqm
100000 sqm
Complexo JK - Torre BAv Chedid Jafet 131
201428236 sqm4706 sqm4706 sqm28236 sqm
100000 sqm
Complexo JK - Torre EAv Chedid Jafet
201322596 sqm1189 sqm1189 sqm15462 sqm
687134 sqm
Complexo JK - Torre DAv J Kubitschek
201312206 sqm
678 sqm678 sqm
12206 sqm100
000 sqm
Vila Oliacutempia
Last 12 months net absorption 3600 sqm
V Oliacutempiaregion
vacancy276
238 of stock is available
V OliacutempiaAA buildingsvacancy rate
339
V Oliacutempia A buildings
vacancy rate
178
V Oliacutempia vacancy rate YoY
variation
711 bps
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Oliacutempia Business TowerR Helena 29
201418609 sqm
838 sqm838 sqm
18609 sqm100
000 sqm
R$sqm Satildeo Paulo - Class AAampA asking rents
Central Vila OliacutempiaRua G de Carvalho1361
201515756 sqm1162 sqm1222 sqm
15756 sqm100
000 sqm
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Capital CenterRua das Olimpiacuteadas 66
20088418 sqm701 sqm701 sqm000 sqm
0000 sqm
Continental SquareRua das Olimpiacuteadas 205
200326418 sqm1700 sqm1700 sqm3400 sqm
13000 sqm
One HundredRua das Olimpiacuteadas 100
20035072 sqm484 sqm484 sqm000 sqm
0000 sqm
Alpha TowerRua das Olimpiacuteadas 134
20116552 sqm535 sqm597 sqm298 sqm
4303 sqm
Vila Oliacutempia Corporate - B
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm12846 sqm
712438 sqm
Vila Oliacutempia Corporate - A
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm15284 sqm
84697 sqm
Sky CorporateRua G de Carvalho 1996
201225605 sqm1121 sqm2653 sqm11046 sqm
433809 sqm
Vila Oliacutempia
AAampA V Oliacutempia asking rent
R$108
Class AA asking rent R$ 111
Class A asking rent R$ 107
Asking rent average decreased 01 QoQ
Asking rent average decreased 156 YoY
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Raja GabagliaAl Raja Gabaglia 61
201412000 sqm
600 sqm600 sqm
12000 sqm100
000 sqm
Alessandra OsiroOperations Director
About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom
COPYRIGHT copy JONES LANG LASALLE IP INC 2014 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL
ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between April 1st and July 31st 2014 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 (11) 3043-6999
About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr
Andreacute RosaManaging Director
Marcelo Sasaki+55 11 3043-6897marcelosasakiamjllcom
Monica Lee+55 11 3043-6947monicaleeamjllcom
Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom
Roberto Patino+55 11 3043-7140robertopatinoamjllcom
Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom
Ricardo HirataHead of Research
Client SolutionsSatildeo Paulo
TransactionsOffice Division
Julia BotelhoOffice Division Leader
Market IntelligenceSatildeo PauloRio de Janeiro
Global Clients
00
10
20
30
40
50
60Millionsqm
Classes AAampA stock evolution
R$sqm
Class AAampA asking rents
0
5
10
15
20
25
30
-100
0
100
200
300
400
500
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
acute000 sqm Net absorption and vacancy evolution
NEW STOCK NET ABSORPTION VACANCY RATE
461
170
225
72
166
127
00
189
87
43
138
276
467
125
209
72
135 130
00
201
87
36
139
239
Vacancy Rate ()
Satildeo Paulo
Total inventoryapproximately
130 million sqmHigh-end stock
(AA amp A) 28 of total inventory
2Q 2014Vacancy Rate
(AA ampA) 205
Satildeo Paulo average asking rent
(AA amp A) R$ 951
Average asking rent YoY
variation-160
Population density7500
inhabkmsup2
Satildeo Paulo DemographicsAverage income
R$3500 per household
Source Jones Lang LaSalle reserach - Brazil July 2014
Sources SEADE IBGE PMSP
Population2014
118 million inhabitants
R$ 443 billion GDP
5 million formal jobs positions
65 is from services sector
00
10
20
30
40
50
60Millionsqm
Satildeo Paulo - Classes AAampA stock evolution
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Torrre SantanderAv Pres J Kubitschek 2041
200969591 sqm2401 sqm2401 sqm000 sqm
0000 sqm
Plaza JKAv Pres J Kubitschek 1700
20048220 sqm548 sqm548 sqm274 sqm
3000 sqm
JK 1600Av Pres J Kubitschek 1600
201212791 sqm
853 sqm853 sqm
3412 sqm26
000 sqm
Spazio JKAv Pres J Kubitschek 1726
200011922 sqm
567 sqm567 sqm850 sqm
7000 sqm
Juscelino PlazaR E de Souza Aranha 387
20007744 sqm484 sqm484 sqm000 sqm
0000 sqm
JK Financial CenterAv Pres J Kubitschek 510
200012859 sqm
790 sqm893 sqm000 sqm
0000 sqm
360ordm JKAv Pres J Kubitschek 360
200912549 sqm
698 sqm698 sqm000 sqm
0000 sqm
Corporate ParkR Dr R P de Barros 1017
200317929 sqm1225 sqm1584 sqm2450 sqm
13000 sqm
Itaim e Vila Oliacutempia59
Class A
Class AA 85
35
Vila Oliacutempia AA amp A buildingsin skyline
V Oliacutempiahigh-end
stock369000
sqm
New Stock forecast
2014-2015179600
sqm
Last 12 months
production36000 sqm
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Jardim EuropaAv Nove de Julho 5229
197520149000 sqm818 sqm818 sqm
9000 sqm100
000 sqm
461
170
225
72
166127
00
189
87
43
138
276
467
125
209
72
135 130
00
201
87
36
139
239
Satildeo Paulo - Vacancy Rate ()
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
E-TowerR Funchal 418
200521978 sqm
490 sqm1533 sqm3728 sqm
17000 sqm
Vila Oliacutempia Corporate Plaza
Rua Satildeo Tomeacute 862006
9822 sqm481 sqm481 sqm000 sqm
0000 sqm
Francisco Mellatildeo - Bloco 1
R Funchal 2632000
7912 sqm424 sqm424 sqm318 sqm
4000 sqm
Camargo Corporate - BAv Pres J Kubitschek
201556770 sqm1803 sqm2570 sqm
56770 sqm100
000 sqm
Camargo Corporate - AAv Pres J Kubitschek
201456770 sqm1803 sqm2570 sqm56770 sqm
100000 sqm
Complexo JK - Torre BAv Chedid Jafet 131
201428236 sqm4706 sqm4706 sqm28236 sqm
100000 sqm
Complexo JK - Torre EAv Chedid Jafet
201322596 sqm1189 sqm1189 sqm15462 sqm
687134 sqm
Complexo JK - Torre DAv J Kubitschek
201312206 sqm
678 sqm678 sqm
12206 sqm100
000 sqm
Vila Oliacutempia
Last 12 months net absorption 3600 sqm
V Oliacutempiaregion
vacancy276
238 of stock is available
V OliacutempiaAA buildingsvacancy rate
339
V Oliacutempia A buildings
vacancy rate
178
V Oliacutempia vacancy rate YoY
variation
711 bps
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Oliacutempia Business TowerR Helena 29
201418609 sqm
838 sqm838 sqm
18609 sqm100
000 sqm
R$sqm Satildeo Paulo - Class AAampA asking rents
Central Vila OliacutempiaRua G de Carvalho1361
201515756 sqm1162 sqm1222 sqm
15756 sqm100
000 sqm
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Capital CenterRua das Olimpiacuteadas 66
20088418 sqm701 sqm701 sqm000 sqm
0000 sqm
Continental SquareRua das Olimpiacuteadas 205
200326418 sqm1700 sqm1700 sqm3400 sqm
13000 sqm
One HundredRua das Olimpiacuteadas 100
20035072 sqm484 sqm484 sqm000 sqm
0000 sqm
Alpha TowerRua das Olimpiacuteadas 134
20116552 sqm535 sqm597 sqm298 sqm
4303 sqm
Vila Oliacutempia Corporate - B
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm12846 sqm
712438 sqm
Vila Oliacutempia Corporate - A
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm15284 sqm
84697 sqm
Sky CorporateRua G de Carvalho 1996
201225605 sqm1121 sqm2653 sqm11046 sqm
433809 sqm
Vila Oliacutempia
AAampA V Oliacutempia asking rent
R$108
Class AA asking rent R$ 111
Class A asking rent R$ 107
Asking rent average decreased 01 QoQ
Asking rent average decreased 156 YoY
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Raja GabagliaAl Raja Gabaglia 61
201412000 sqm
600 sqm600 sqm
12000 sqm100
000 sqm
Alessandra OsiroOperations Director
About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom
COPYRIGHT copy JONES LANG LASALLE IP INC 2014 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL
ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between April 1st and July 31st 2014 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 (11) 3043-6999
About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr
Andreacute RosaManaging Director
Marcelo Sasaki+55 11 3043-6897marcelosasakiamjllcom
Monica Lee+55 11 3043-6947monicaleeamjllcom
Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom
Roberto Patino+55 11 3043-7140robertopatinoamjllcom
Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom
Ricardo HirataHead of Research
Client SolutionsSatildeo Paulo
TransactionsOffice Division
Julia BotelhoOffice Division Leader
Market IntelligenceSatildeo PauloRio de Janeiro
Global Clients
00
10
20
30
40
50
60Millionsqm
Satildeo Paulo - Classes AAampA stock evolution
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Torrre SantanderAv Pres J Kubitschek 2041
200969591 sqm2401 sqm2401 sqm000 sqm
0000 sqm
Plaza JKAv Pres J Kubitschek 1700
20048220 sqm548 sqm548 sqm274 sqm
3000 sqm
JK 1600Av Pres J Kubitschek 1600
201212791 sqm
853 sqm853 sqm
3412 sqm26
000 sqm
Spazio JKAv Pres J Kubitschek 1726
200011922 sqm
567 sqm567 sqm850 sqm
7000 sqm
Juscelino PlazaR E de Souza Aranha 387
20007744 sqm484 sqm484 sqm000 sqm
0000 sqm
JK Financial CenterAv Pres J Kubitschek 510
200012859 sqm
790 sqm893 sqm000 sqm
0000 sqm
360ordm JKAv Pres J Kubitschek 360
200912549 sqm
698 sqm698 sqm000 sqm
0000 sqm
Corporate ParkR Dr R P de Barros 1017
200317929 sqm1225 sqm1584 sqm2450 sqm
13000 sqm
Itaim e Vila Oliacutempia59
Class A
Class AA 85
35
Vila Oliacutempia AA amp A buildingsin skyline
V Oliacutempiahigh-end
stock369000
sqm
New Stock forecast
2014-2015179600
sqm
Last 12 months
production36000 sqm
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Jardim EuropaAv Nove de Julho 5229
197520149000 sqm818 sqm818 sqm
9000 sqm100
000 sqm
461
170
225
72
166127
00
189
87
43
138
276
467
125
209
72
135 130
00
201
87
36
139
239
Satildeo Paulo - Vacancy Rate ()
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
E-TowerR Funchal 418
200521978 sqm
490 sqm1533 sqm3728 sqm
17000 sqm
Vila Oliacutempia Corporate Plaza
Rua Satildeo Tomeacute 862006
9822 sqm481 sqm481 sqm000 sqm
0000 sqm
Francisco Mellatildeo - Bloco 1
R Funchal 2632000
7912 sqm424 sqm424 sqm318 sqm
4000 sqm
Camargo Corporate - BAv Pres J Kubitschek
201556770 sqm1803 sqm2570 sqm
56770 sqm100
000 sqm
Camargo Corporate - AAv Pres J Kubitschek
201456770 sqm1803 sqm2570 sqm56770 sqm
100000 sqm
Complexo JK - Torre BAv Chedid Jafet 131
201428236 sqm4706 sqm4706 sqm28236 sqm
100000 sqm
Complexo JK - Torre EAv Chedid Jafet
201322596 sqm1189 sqm1189 sqm15462 sqm
687134 sqm
Complexo JK - Torre DAv J Kubitschek
201312206 sqm
678 sqm678 sqm
12206 sqm100
000 sqm
Vila Oliacutempia
Last 12 months net absorption 3600 sqm
V Oliacutempiaregion
vacancy276
238 of stock is available
V OliacutempiaAA buildingsvacancy rate
339
V Oliacutempia A buildings
vacancy rate
178
V Oliacutempia vacancy rate YoY
variation
711 bps
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Oliacutempia Business TowerR Helena 29
201418609 sqm
838 sqm838 sqm
18609 sqm100
000 sqm
R$sqm Satildeo Paulo - Class AAampA asking rents
Central Vila OliacutempiaRua G de Carvalho1361
201515756 sqm1162 sqm1222 sqm
15756 sqm100
000 sqm
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Capital CenterRua das Olimpiacuteadas 66
20088418 sqm701 sqm701 sqm000 sqm
0000 sqm
Continental SquareRua das Olimpiacuteadas 205
200326418 sqm1700 sqm1700 sqm3400 sqm
13000 sqm
One HundredRua das Olimpiacuteadas 100
20035072 sqm484 sqm484 sqm000 sqm
0000 sqm
Alpha TowerRua das Olimpiacuteadas 134
20116552 sqm535 sqm597 sqm298 sqm
4303 sqm
Vila Oliacutempia Corporate - B
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm12846 sqm
712438 sqm
Vila Oliacutempia Corporate - A
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm15284 sqm
84697 sqm
Sky CorporateRua G de Carvalho 1996
201225605 sqm1121 sqm2653 sqm11046 sqm
433809 sqm
Vila Oliacutempia
AAampA V Oliacutempia asking rent
R$108
Class AA asking rent R$ 111
Class A asking rent R$ 107
Asking rent average decreased 01 QoQ
Asking rent average decreased 156 YoY
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Raja GabagliaAl Raja Gabaglia 61
201412000 sqm
600 sqm600 sqm
12000 sqm100
000 sqm
Alessandra OsiroOperations Director
About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom
COPYRIGHT copy JONES LANG LASALLE IP INC 2014 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL
ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between April 1st and July 31st 2014 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 (11) 3043-6999
About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr
Andreacute RosaManaging Director
Marcelo Sasaki+55 11 3043-6897marcelosasakiamjllcom
Monica Lee+55 11 3043-6947monicaleeamjllcom
Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom
Roberto Patino+55 11 3043-7140robertopatinoamjllcom
Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom
Ricardo HirataHead of Research
Client SolutionsSatildeo Paulo
TransactionsOffice Division
Julia BotelhoOffice Division Leader
Market IntelligenceSatildeo PauloRio de Janeiro
Global Clients
461
170
225
72
166127
00
189
87
43
138
276
467
125
209
72
135 130
00
201
87
36
139
239
Satildeo Paulo - Vacancy Rate ()
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
E-TowerR Funchal 418
200521978 sqm
490 sqm1533 sqm3728 sqm
17000 sqm
Vila Oliacutempia Corporate Plaza
Rua Satildeo Tomeacute 862006
9822 sqm481 sqm481 sqm000 sqm
0000 sqm
Francisco Mellatildeo - Bloco 1
R Funchal 2632000
7912 sqm424 sqm424 sqm318 sqm
4000 sqm
Camargo Corporate - BAv Pres J Kubitschek
201556770 sqm1803 sqm2570 sqm
56770 sqm100
000 sqm
Camargo Corporate - AAv Pres J Kubitschek
201456770 sqm1803 sqm2570 sqm56770 sqm
100000 sqm
Complexo JK - Torre BAv Chedid Jafet 131
201428236 sqm4706 sqm4706 sqm28236 sqm
100000 sqm
Complexo JK - Torre EAv Chedid Jafet
201322596 sqm1189 sqm1189 sqm15462 sqm
687134 sqm
Complexo JK - Torre DAv J Kubitschek
201312206 sqm
678 sqm678 sqm
12206 sqm100
000 sqm
Vila Oliacutempia
Last 12 months net absorption 3600 sqm
V Oliacutempiaregion
vacancy276
238 of stock is available
V OliacutempiaAA buildingsvacancy rate
339
V Oliacutempia A buildings
vacancy rate
178
V Oliacutempia vacancy rate YoY
variation
711 bps
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Oliacutempia Business TowerR Helena 29
201418609 sqm
838 sqm838 sqm
18609 sqm100
000 sqm
R$sqm Satildeo Paulo - Class AAampA asking rents
Central Vila OliacutempiaRua G de Carvalho1361
201515756 sqm1162 sqm1222 sqm
15756 sqm100
000 sqm
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Capital CenterRua das Olimpiacuteadas 66
20088418 sqm701 sqm701 sqm000 sqm
0000 sqm
Continental SquareRua das Olimpiacuteadas 205
200326418 sqm1700 sqm1700 sqm3400 sqm
13000 sqm
One HundredRua das Olimpiacuteadas 100
20035072 sqm484 sqm484 sqm000 sqm
0000 sqm
Alpha TowerRua das Olimpiacuteadas 134
20116552 sqm535 sqm597 sqm298 sqm
4303 sqm
Vila Oliacutempia Corporate - B
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm12846 sqm
712438 sqm
Vila Oliacutempia Corporate - A
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm15284 sqm
84697 sqm
Sky CorporateRua G de Carvalho 1996
201225605 sqm1121 sqm2653 sqm11046 sqm
433809 sqm
Vila Oliacutempia
AAampA V Oliacutempia asking rent
R$108
Class AA asking rent R$ 111
Class A asking rent R$ 107
Asking rent average decreased 01 QoQ
Asking rent average decreased 156 YoY
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Raja GabagliaAl Raja Gabaglia 61
201412000 sqm
600 sqm600 sqm
12000 sqm100
000 sqm
Alessandra OsiroOperations Director
About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom
COPYRIGHT copy JONES LANG LASALLE IP INC 2014 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL
ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between April 1st and July 31st 2014 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 (11) 3043-6999
About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr
Andreacute RosaManaging Director
Marcelo Sasaki+55 11 3043-6897marcelosasakiamjllcom
Monica Lee+55 11 3043-6947monicaleeamjllcom
Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom
Roberto Patino+55 11 3043-7140robertopatinoamjllcom
Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom
Ricardo HirataHead of Research
Client SolutionsSatildeo Paulo
TransactionsOffice Division
Julia BotelhoOffice Division Leader
Market IntelligenceSatildeo PauloRio de Janeiro
Global Clients
R$sqm Satildeo Paulo - Class AAampA asking rents
Central Vila OliacutempiaRua G de Carvalho1361
201515756 sqm1162 sqm1222 sqm
15756 sqm100
000 sqm
Satildeo Paulo
BuildingAddressBuilt RenovatedTotal AreaFloor Area (min)Floor Area (max)Available AreaAvailability RatePre-leased space
10
20
30
1T
40
35
25
5
15
Capital CenterRua das Olimpiacuteadas 66
20088418 sqm701 sqm701 sqm000 sqm
0000 sqm
Continental SquareRua das Olimpiacuteadas 205
200326418 sqm1700 sqm1700 sqm3400 sqm
13000 sqm
One HundredRua das Olimpiacuteadas 100
20035072 sqm484 sqm484 sqm000 sqm
0000 sqm
Alpha TowerRua das Olimpiacuteadas 134
20116552 sqm535 sqm597 sqm298 sqm
4303 sqm
Vila Oliacutempia Corporate - B
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm12846 sqm
712438 sqm
Vila Oliacutempia Corporate - A
Rua Fidecircncio Ramos 3022013
18072 sqm1394 sqm2617 sqm15284 sqm
84697 sqm
Sky CorporateRua G de Carvalho 1996
201225605 sqm1121 sqm2653 sqm11046 sqm
433809 sqm
Vila Oliacutempia
AAampA V Oliacutempia asking rent
R$108
Class AA asking rent R$ 111
Class A asking rent R$ 107
Asking rent average decreased 01 QoQ
Asking rent average decreased 156 YoY
Occupied floor Vacant floor Pre-leased Future available under construction
Retail Parking other unusable space
Raja GabagliaAl Raja Gabaglia 61
201412000 sqm
600 sqm600 sqm
12000 sqm100
000 sqm
Alessandra OsiroOperations Director
About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom
COPYRIGHT copy JONES LANG LASALLE IP INC 2014 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL
ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between April 1st and July 31st 2014 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 (11) 3043-6999
About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr
Andreacute RosaManaging Director
Marcelo Sasaki+55 11 3043-6897marcelosasakiamjllcom
Monica Lee+55 11 3043-6947monicaleeamjllcom
Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom
Roberto Patino+55 11 3043-7140robertopatinoamjllcom
Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom
Ricardo HirataHead of Research
Client SolutionsSatildeo Paulo
TransactionsOffice Division
Julia BotelhoOffice Division Leader
Market IntelligenceSatildeo PauloRio de Janeiro
Global Clients
Alessandra OsiroOperations Director
About JLLJLL (NYSE JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning occupying and investing in real estate With annual fee revenue of $4 billion JLL has more than 200 corporate offices and operates in 75 countries worldwide On behalf of its clients the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales acquisitions and finance transactions in 2013 Its investment management business LaSalle Investment Management has $480 billion of real estate assets under management JLL is the brand name of Jones Lang LaSalle Incorporated For further information visit wwwjllcom
COPYRIGHT copy JONES LANG LASALLE IP INC 2014 This publication is the exclusive property of JLL and may not be copied reproduced or transmitted in any form or by any means in whole or in part without the prior written consent of JLL
ADDITIONAL INFORMATIONThis publication is biannual and the data presented in this issue was collected between April 1st and July 31st 2014 The information contained in this publication has been obtained in the market by the Research and Market Intelligence team of JLL Brazil through sources deemed reliable however JLL does not accept responsibility for the accuracy of this information The content is merely informative it aims the general public and under any circumstances should be considered as an investment guide as such JLL does not accept responsibility for any decisions based on this publication Since JLL does not exhaust all the possibilities of the market in this publication if you need additional information and advice targeted to your needs the JLL team is available via e-mail and telephone at clientsolutionsamjllcom and +55 (11) 3043-6999
About JLL BrazilJLL brought its extensive international experience to Brazil in 1996 making it one of the first professional building management companies in the market It currently has a professional staff of around 550 working out of offices in Satildeo Paulo Rio de Janeiro and Curitiba They serve Brazilian and multi-national clients under contract in all national territory For further information visit wwwjllcombr
Andreacute RosaManaging Director
Marcelo Sasaki+55 11 3043-6897marcelosasakiamjllcom
Monica Lee+55 11 3043-6947monicaleeamjllcom
Paulo Casoni+55 11 3043 6935 21 2277 2701paulocasoniamjllcom
Roberto Patino+55 11 3043-7140robertopatinoamjllcom
Joseacute Victor Cardim+55 11 3043 7183josecardimamjllcom
Ricardo HirataHead of Research
Client SolutionsSatildeo Paulo
TransactionsOffice Division
Julia BotelhoOffice Division Leader
Market IntelligenceSatildeo PauloRio de Janeiro
Global Clients