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Inside Churcri Zaidan - Revitalization Projections in SP

8/2/2019
The region between the avenues Doutor Chucri Zaidan and Chácara Santo Antônio, in São Paulo, presents numerous possibilities for growth. During the last decade, this expansion was marked by the implementation of interconnecting bus terminals for important city roads, by the proximity to shopping malls such as Market Place, JK Iguatemi and Parque da Cidade, in addition to residential and corporate projects with forecast of completion by 2023.

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The start of this expansion boom started in 2011, justified by the ideal characteristics for development: the area is close to large shopping centers, has good outlets for the marginal ones, and still has old land and warehouses available for revitalization.

Projections for the coming years

With the Faria Lima and JK regions saturated in relation to inventory, the search for other areas has become a reality, showing growth opportunities at Chucri Zaidan . In 2017, 116 thousand m² were occupied in the region, demonstrating the high level of investment achieved.

In this context, projections for the coming years also confirm the success of a revitalization process. By 2023, 186,000 m² of new developments of the highest standard are expected to be delivered, the expected vacancy rate may reach 19%, considering expected movements and growth in office jobs. And with the progress of Chucri, other regions around the country also began to be impacted, such as Chácara Santo Antônio.

An example that attests to this statement is the Parque da Cidade project, with five corporate towers, part of which has already been delivered and others are in progress and expected to be delivered by the end of 2020. However, the connection between these two areas - Chucri Zaidan and Chácara Santo Antônio - faces a major challenge: the lack of infrastructure, transport and retail trade, such as restaurants, stores, pharmacies, shopping malls, wide circulation roads, etc.

Cushman & Wakefield, a specialist in the real estate market, has prepared a study that brings relevant data about the avenues Doutor Chucri Zaidan and Chácara Santo Antônio and their growth possibilities, analyzing both the challenges and what has already been built or is still underway in the area . Do download the material and get access to the mapping of regions, based on chronological data to justify this expansion.

Cushman & Wakefield

Cushman & Wakefield, with all its expertise in the commercial real estate services management market and since 1994 in Brazil, contributes to the expansion and better experience of clients in this niche, assisting in consulting with real estate entrepreneurs, in addition to having experience in management works, facilities, commercial condominiums, market intelligence, management and renegotiation of lease contracts.

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