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Corporate Slab Leasing: How the Heating of the Economy has Affected the Real Estate Market

8/19/2019
The real estate market has registered positive indicators, resulting from the improvement of the Brazilian economic environment. Investment in the construction of corporate ventures is, by nature, a medium to long-term strategy, a factor that can be seen in the pipeline of new deliveries for the next three years, where the inauguration of approximately 327.6 thousand m² is expected.

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The scenario of optimism has been considered after the closing of the figures related to the end of 2018, in which the resumption of the economy increased the demand for high-end assets and the vacancy rate in the main regions of São Paulo decreased to 21.5%, with a net absorption of 201.7 thousand m².

These numbers show an economic expansion, with controlled inflation, interest rates historically at the lowest level and an increase in jobs. In the first half of 2019, 408,500 vacancies were created, with the month of June being the strongest in the last 6 years. With the increase in demand for corporate space, 119.7 thousand m² of gross absorption were recorded in the same period.

Growth of prime regions after market resumption

With the heating of the economy, some regions have been showing a growth and expansion movement. Rio de Janeiro, for example, is moving from the tipping point to the recovery phase, since the vacancy rate is still high, but has been showing some stability for 6 months. In São Paulo, the picture is one of growth, with vacancy decreasing and prices increasing. Specific regions, such as Paulista, Itaim Bibi, Vila Olímpia, Faria Lima and JK, considered prime, are in this expansion phase.

However, it is not enough to just examine regions that are resuming their development, as there are other factors that need to be evaluated during a process of leasing corporate slabs.

Important aspects to consider when renting corporate slabs

It is important that a study is carried out on the regions that have available slabs and evaluate the attractions in relation to the options that are accessible and appropriate to the company's moment. In Rio de Janeiro, for example, Aqwa Corporate has large, efficient and technologically optimized slabs for your business that are available for rent.

Knowing that a change involves issues such as culture shock, adequacy of space, new furniture, among others, it is necessary to understand the points to be taken into account to obtain a better result during the process of renting corporate slabs.

One factor to be considered is the design of the slabs, which has a great influence on the total cost of the occupation. Another issue is the realization of a check-list to contemplate some aspects, such as:

  • types of amenities that the development offers;
  • location close to public transport points;
  • shops and hospitals in the surroundings;
  • easy access for employees and customers;
  • costs related to the area transition;
  • and other important interests for the company.

Based on these guidelines, a real estate consultancy will assess which regions and commercial buildings are best suited to the client's needs, in addition to verifying pros and cons of permanence or change. If necessary, it can assist in the negotiation of lease contracts, in order to benefit the tenant.

The “Stay vs Go” study, offered by Cushman & Wakefield, is one of the main services provided by the company to support its tenant customers on this journey. It is very important to analyze all the elements that impact and lead a company to make a decision to stay or leave the current property. The importance of understanding the market cycle and taking advantage of the opportunities of a short window to the tenant is certainly our differential. In addition, Cushman & Wakefield has a team with extensive expertise in researching and analyzing movements in the real estate market, paying attention to changes in the economy, promoting intelligence and assertiveness in the negotiation processes.

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