Overall, the most recent data show a dynamic scenario, with a consistent drop in vacancy, appreciation of premium regions, and growth in demand in emerging areas.
Premium regions drive the São Paulo office market
The noblest regions of the city, such as Faria Lima and Juscelino Kubitschek (JK), continue to be the epicenter of the office market in São Paulo.
In the last six years, these areas have seen the average asking price more than double, rising from R$ 130/m² to R$ 280/m².
In addition, in the most valued stretches — especially between Av. Cidade Jardim and the end of Faria Lima — the average reaches R$ 316/m², with peaks of up to R$ 350/m².
Consequently, this appreciation reflects the premium profile of the developments and the limitation of new available land, which maintains the pressure for quality spaces.
Chucri Zaidan and Chácara Santo Antônio gain prominence
Meanwhile, prices in premium regions are reaching record levels, and other corporate areas have been gaining strength within the São Paulo office market, such as Chucri Zaidan and Chácara Santo Antônio.
Between 2019 and 2025, Chucri Zaidan delivered about 200 thousand m² of class A offices and, even so, reduced vacancy from 25% to 15%.
At the same time, the average asking price rose from R$ 94/m² to R$ 104/m², showing stability and balance between supply and demand.
Chácara Santo Antônio, on the other hand, underwent an even more significant transformation: vacancy plummeted from 87% to 27.8% in the same period, while the average price varied from R$ 69/m² to R$ 72/m².
Although it is still above the city's average (12.8%), the advance demonstrates a strong absorption of spaces and interest from companies looking for a strategic location at a competitive cost.
The strength of demand
Thus, the behavior of these submarkets shows that the São Paulo office market remains resilient, with consistent demand for corporate spaces.
The decentralization movement is natural: as premium areas reach price and supply limits, companies look for new regions with good infrastructure and easy access.
This effect has ensured continuous occupancy in regions that, a few years ago, faced high vacancy rates.
Outlook for the coming quarters
With vacancy falling and prices stabilizing, the São Paulo office market indicates a new cycle of equilibrium.
The big question now is: when supply in these intermediate regions reaches the limit, how will the market react?
That's an answer that the upcoming Cushman & Wakefield Office MarketBeat should help reveal.
