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São paulo
www.colliers.com.br
2ND QUARTER 2014 | officE
MARKET REPORT OfficEcLASSES A+, A AND B OfficE MARKET REPORT
Existing Inventory:
2.17 million sqm: a+ and a
1.92 million sqm: B
underConstruction
inventory: 1.15 million sqm
under projectInventory:
69 thousand sqm
Deliveredin the Quarter:
58 thousand sqm
availability: 18.9%: a+ and a
8.2%: B
Net absorption: 10 thousand sqm:
a+ and a-10 thousand
sqm: B
averageasking lease price:R$ 116/sqm/month:
a+ and aR$ 83/sqm/month: B
AVAiLABiLTY RATE ON PAcE Of GROWTH
EXISTING INVENToRY aND aVaIlaBIlITY RaTEThe corporate office market have demonstrated the continuity of the projected scenario for 2014: fewer expansions and increased consolidation of operations and tenants migration.
Due to the mentioned scenario and influenced by the delivery of new buildings, the asking lease prices are under pressure, especially for those with the high-est concentration of available area. The current estimate is that the peak of the availability rate will be reached between 2015 and 2016, depending mainly on the compliance of the schedule.
The first half ended with 2.1 million sqm considering only A+ and A buildings. The delivery of 58,000sqm during the second quarter is represented in sum-mary by the buildings: Praça faria Lima (faria Lima) and Thera corporate (Brooklin).
following the forecast, the high-end inventory should end 2014 with 2.3 to 2.5 million sqm and availability about 20% to 25%.
AVAiLABiLiTY RATE BY cLASS (%)EXiSTiNG iNVENToRY BY cLASS (THoUSAND SQM)
1,030 1,061Total Q2: 2,173
A+ AQ1 Q2
1,079 1,112
A+ AQ1 Q2
11.1
26.123.6
14.8
CollIERS INTERNaTIoNal | p. 2
MARKET REPORT OfficE | 2nd quarter 2014
EXiSTiNG iNVENToRY (THoUSAND SQM) X AVAiLABiLiTY RATE (%) BY SUBMARKET AND cLASSES A+ AND A
NET aBSoRpTIoNfollowing the pace of the first quarter when net absorption of classes A+ and A was 17,000sqm, in the second quarter the total of 10,000sqm ratifies a year with low increase. class A+ is the only one that should keep positive absorption over the course of the year, a fact attributed to new and high-end properties.
The main devolutions of the period occurred in the property Panamérica Park in Santo Amaro submarket.
NET ABSoRPTioN BY cLASS (THoUSAND SQM)
A+ AQ1 Q2
37 35
-19-24
73
329
400
350
300
250
200
150
100
50
0
60,0%
50,0%
40,0%
30,0%
20,0%
10,0%
0,0%
77
78
329
119
14104
161129
339
52
370
Inventory Availability
3.5
2629
17.4 17
50
26
1317.5
12.2
54.4
22.4
Vila O
límpia
Brooklin
Roqu
e Petr
oni
Faria
Lima
Itaim
Paulist
a
Pinheir
os
Santo
Amaro
Chác
ara
Santo
Antonio
Jardi
ns Morumbi
Cidad
e Jard
im
Barra F
unda
p. 3 | CollIERS INTERNaTIoNal
MARKET REPORT OfficE | 2nd quarter 2014
faria Lima is the submarket with the highest asking price with R$ 161.69 and Santo Amaro with the lowest average price with R$ 51.71.
AVERAGE ASKiNG LEASE PRicE BY SUBMARKET (R$/SQM/MoNTH)
R$ 59.29
R$ 80.00
R$ 113.81
R$ 91.65
R$ 76.25
R$ 65.90
R$ 116.50
R$ 145.00
R$ 103.29
R$ 161.69
R$ 97.80
R$ 157.50
R$ 94.19
R$ 130.00
R$ 96.67
R$ 55.00
R$ 134.29
R$ 114.24
R$ 127.25
R$ 89.48
R$ 116.63
R$ 62.31
R$ 53.83
R$ 51.71
R$ 123.21
R$ 86.96
Vila O
límpia
Brooklin
Roqu
e Petr
oni
Faria
Lima
Itaim
Paulist
a
Pinheir
os
Santo
Amaro
Chác
ara
Santo
Antonio Ja
rdins
Morumbi
Cidad
e Jard
im
Barra F
unda
Classes A+ and A Class B
iNVENToRY UNDER coNSTRUcTioN BY SUBMARKET (%)
Vila Olimpia 17%
Chácara SantoAntonio 10%
Roque Petroni 32%
BarraFunda 9%
Brooklin 9%
Paulista 4%
Pinheiros 4%
Faria Lima 10%
Jardins 1%Itaim 4%
Total: 1.15 million sqm
FuTuRE INVENToRYDuring the first half, the market received approximately 95,000sqm and other 294,000sqm are expected for this year. The total is less than a third of the available in construction in the submarkets monitored by colliers and has the largest representation in Roque Petroni and Vila Olímpia.
The most representative buildings expected for the third quarter are Ber-rini One and LWM corporate center, both in the submarket Brooklin and Vera cruz in faria Lima.
pRICESThe condition and pressure on asking prices remains the same since the beginning of the year, ie decreasing. Other factors such as free rent and allowances have been decisive in the realization of new businesses, since the quality and technical aspects of new properties be so similar. considering the classes A+ and A, the average asking lease prices closed at R$ 116.62, compared to R$ 119.26 in last quarter. The class B closed at R$ 83.72, compared to R$ 84.85 in Q1.
CollIERS INTERNaTIoNal | p. 4
MARKET REPORT OfficE | 2nd quarter 2014
STaTISTICS TaBlE
Barra Funda 72,690 34,761 3.5% 9.2% R$ 80.00 R$ 59.29 -2,031 297 100,835
Brooklin 329,393 270,922 26.7% 10.7% R$ 113.81 R$ 91.65 163 -5,813 99,670
Chácara
Santo Antonio76,754 164,395 29.0% 12.9% R$ 76.25 R$ 65.90 1,059 -259 115,999
Cidade Jardim 77,540 30,707 17.4% 3.6% R$ 145.00 R$ 116.50 0 471 0
Faria Lima 328,739 90,102 17.0% 11.7% R$ 161.69 R$ 103.29 2,827 58 118,618
Itaim 118,768 219,135 5.0% 8.2% R$ 157.50 R$ 97.80 -3,791 -2,664 51,117
Jardins 13,522 234,030 0 6.3% R$ 130.00 R$ 94.19 0 -1,194 14,286
Morumbi 104,257 21,962 26.1% 4.5% R$ 96.67 R$ 55.00 9,529 408 0
Paulista 161,175 185,848 13.0% 4.8% R$ 134.29 R$ 114.24 -413 267 52,597
Pinheiros 129,365 155,066 17.5% 5.0% R$ 127.25 R$ 89.48 1,889 666 44,059
Roque Petroni 339,360 40,510 12.2% 3.3% R$ 116.63 R$ 62.31 4,111 647 403,133
Santo Amaro 51,891 222,633 54.4% 7.9% R$ 53.83 R$ 51.71 -17,581 -961 20,285
Vila Olímpia 370,395 257,729 22.4% 9.6% R$ 123.21 R$ 86.96 14,690 -1,958 202,475
Total 2,173,849 1,927,800 18.9% 8.2% R$ 116.62 R$ 83.72 10,453 -10,034 1,223,074
SUBMARKETiNVENToRYA+ AND A
iNVENToRYB
AVAiLABiLiTY RATE A+ AND A
AVAiLABiLiTY RATE
B
AVERAGEASKiNG LEASE
PRicEA+ AND A
AVERAGEASKiNG LEASE
PRicE B
NET ABSoRPTioN
A+ AND A
NET ABSoRPTioN B
UNDER coNSTRUcTioN AND PRojEcT
Existing inventory: 368 thousand sqm:
A+ and A194 thousand sqm: B
Underconstruction
inventory: 94 thousand sqm
Availability: 43.6%: A+ and A
33.1%: B
Net Absorption: 5,655 thousand sqm:
A+ and A4,713 thousand sqm: B
AverageAsking Lease Price:R$ 61/sqm/month:
A+ and AR$ 40/sqm/month: B
ALPHAViLLE
EXISTING INVENToRY aND aVaIlaBIlITY RaTEThe delivery of Evolution corporate building with 59.000sqm is one of the factors that contributes to a further increase in the availability rate of Alphaville market. The percentage reached 43.6% for classes A+ and A.
Other buildings that have great amount of square meters available for lease still: canopus Alphaville, iTower and Brascan century Plaza.
ToTAL A+ A AND B (EXiSTiNG MARKET)
p. 5 | CollIERS INTERNaTIoNal
MARKET REPORT OfficE | 2nd quarter 2014
NET aBSoRpTIoN aND pRICESUnlike the previous quarter, the net absorption verified was positive in 5,600sqm for classes A+ and A. considering class B, the total was 4.700sqm.
The average asking lease prices can be considered stable. There was a low increase for class B buildings, however, can be caused by the sen-sitivity of Alphaville market that by now has few businesses.
EXiSTiNG iNVENToRY (THoUSAND SQM) X AVAiLABiLiTY RATE (%) A+ AND A
368
Q2
309
Q1
34.5
44
Inventory Availability
380
370
360
350
340
330
320
270
280
290
300
310
50%
45%
40%
30%
35%
20%
25%
10%
5%
15%
0%
-3,2
5,7
A+ and AQ1 Q2
61.84 61.75
38.55R$ 40.00
A+ and A BQ1 Q2
NET ABSoRPTioN BY cLASS (THoUSAND SQM)
AVERAGE ASKiNG LEASE PRicE (R$/SQM/MoNTH)
STaTISTICS TaBlE
SUBMARKET
Alphaville
iNVENToRYA+ AND A
368,340
iNVENToRYB
194,025
AVAiLABiLiTY RATE A+ AND A
43.6%
AVAiLABiLiTY RATE
B
33.1%
AVERAGEASKiNG LEASE
PRicE A+ AND A
R$ 61.75
AVERAGEASKiNG LEASE
PRicE B
R$ 40.00
NET ABSoRPTioN B
4,713
UNDER coNSTRUcTioN AND PRojEcT
221,210
NET ABSoRPTioN A+ AND A
5,655
ToTAL A+ A AND B (EXiSTiNG MARKET)
CollIERS INTERNaTIoNal | p. 6
MARKET REPORT OfficE | 2nd quarter 2014
Average Leasable floor Area (sqm)
Average Unit Leasable Area (sqm)
Average Building Leasable Area (sqm)
Average of floors
floor Type
Building Management System
Parking Ratio per Square Meter of Leasable Area
MAiN cHARAcTERiSTicS
750
300
7,100
12
floor channel/Raised
Optional
1 parking space/44sqm
1,100
700
12,000
12
Raised
Partial
1 parking space/35sqm
1,600
800
28,000
19
Raised
complete
1 parking space/32sqm
BAA+
SoME CHaRaCTERISTICS BY ClaSS
International Airport (Guarulhos) >>22 km
<< Alphaville18 km
Vila Olímpia
JardinsCidade Jardim
Morumbi
Pinheiros
Barra Funda
Itaim
Brooklin
Roque Petroni
Chácara Sto. Antonio
Santo Amaro
Domestic Airport (Congonhas)
Faria Lima
Paulista
Collies International Corporate O�ce
Marginal Pinheiros
Marginal Tietê
Rod. Castelo Branco
Av. N
açõe
s Unid
as
Av. Rebouças
Av. Bandeirantes
MAP of SÃo PAULo SUBMARKETS
p. 7 | CollIERS INTERNaTIoNal
MARKET REPORT OfficE | 2nd quarter 2014
. absorption: Amount of sqm occupied in the previous period
. Development Category: Real estate properties are classified as A+, A, B and c
. Stock / Inventory: Amount of usable constructed area in square meters
. availability Rate: Ratio between area available area and total area
. Ceilings Height: Space between the finished flooring and the 1st structure ceiling interference
. Build-to-Suit: customized construction
REal ESTaTE MaRKET
VoCaBulaRY
•Real Estate investments
•Tenant and Landlord Representation - Leasing, Acquisition and Sale
•Advisory and Disposals for real estate assets and/or portfolios
•Build-to-Suit and Sale & Leaseback Operations
•Lease Administration and Property Management
•Real Estate Valuation for Leasing, Acquisition, Sale and Guarantee
•Market and Technical-financial studies, Highest and Best use studies
•Advisory for investment funds and Private investors
•Green consulting for LEED® certification
Esse documento foi elaborado pela colliers international Brasil. Todas as informações contidas neste documento porderão sofrer alterações sem aviso prévio. A colliers international é uma organização mundial e independente. Esta publicação é de direitos autorais da colliers international e/ou sua licenciadora. © 2013. Todos os direitos reservados.
CollIERS INTERNaTIoNal Do BRaSIl
REal ESTaTE CoNSulTaNCY FoR INDuSTRIal, oFFICE, RETaIl, laND, RuRal, HoTElS, HoSpITalS aND EDuCaTIoNal INSTITuTIoNS
CoNTaCTS
Sao pauloR. Olimpíadas, 20504551-000 Sao Paulo SPTEL +55 11 3323 0000
CampinasR. Dr. Sylvio de Moraes Salles, 9513025-160 campinas SPTEL +55 19 3794 2300
Rio de JaneiroAv. Almirante Barroso, 63 20031-003 Rio de Janeiro RJTEL +55 21 2524 4242
RecifeAv.Gov. Agamenom Magalhães, 4.575 50070-160 Recife PETEL +55 81 3037 2222
FortalezaAv. Dom Luis, 80760160-230 fortaleza cETEL +55 11 8171 2727
More information:
RESEaRCH aND MaRKET [email protected]
Colliers InternationalMore than 482 officesin 62 countriesin 5 continentsUSA: 140canada: 42LATAM: 20Asia: 38ANZ: 157EMEA: 85
•US$1,95billioninannualrevenue
•Morethan104millionssqmundermanagement
•Morethan13,500profissionals
CollIERS oppoRTuNITIES
www.colliers.com.br
Accelerating success.
Ed. ChicagoLeasePaulista - SPTotal Area: 2,160sqmRef: 3145
Ed. Memorial office BuildingLeaseBarra funda - SPTotal Area: 2,500sqmRef: 3143
EENu (Espaço Empresarial Nações unidas)Leasechácara Sto. Antonio - SPTotal Area: 3,500sqmRef: 3140
Ed. Tenente NegrãoLeaseitaim Bibi - SPTotal Area: 500sqmRef: 3139
Ed. Bela CintraLeaseBela Vista - SPTotal Area: 3,644sqmRef: 3106
Ed. CeresLeasechácara Sto. Antônio - SPTotal Area: 3,568sqmRef: 3155
Itaim Business CenterLeaseitaim - SPTotal Area: 500sqmRef: 3059
Ed. DoMo Corporate aBCLeaseSão Bernardo do campo - SPTotal Area: 308sqm to 30,600sqm Ref: 3109
REF. 3059 > PARA LOCAÇÃO > EDIFÍCIO
Edifício Itaim Business CenterRUA IAIÁ, 77 - ITAIM BIBI - SP
> Área disponível para locação: de 167 à 333 m²
> 10 andares
> 2 elevadores
> 11 vagas de garagem
OFFICE+55 11 3323 0000SÃO PAULO, [email protected]
COLLIERS INTERNATIONAL BRASILRua Olimpíadas, 205 - 1º andar04551-000 São Paulo SPwww.colliers.com.br
O Imóvel
> Forro mineral e piso elevado
> Ar condicionado split
> Arquiteto: Jonas Birger
> Paisagismo: Benedito Abbud
Este documento foi preparado pela Colliers International para efeito de publicidade e informação geral.Colliers International não dá garantias ou representações de qualquer espécie, expressa ou implícita, sobre as informações incluídas, mas não se limitando a garantias de conteúdo, exatidão e confiabilidade. Qualquer parte interessada deve realizar suas próprias investigações sobre a exatidão das informações. Colliers International exclui inequivocamente todos os termos inferidos ou implícitos, condições e garantias decorrentes do presente documento e não assume nenhuma responsabilidade por perdas e danos. Colliers International é uma organização mundial e independente. Esta publicação é de direitos autorais de Colliers International e/ou sua licenciadora. ©2013. Todos os direitos reservados.
COLLIERS INTERNATIONAL BRASILRua Olimpíadas, 205 - 1°andar04551-000 São Paulo SPwww.colliers.com.br
Contato
ESCRITÓRIOS
+ 55 11 3323 0000
SÃO PAULO, SP
REF. 3106 > PARA LOCAÇÃO > ESCRITÓRIOS
Edifício Bela CintraRUA BELA CINTRA, 445 - SÃO PAULO - SP
O Imóvel
Localização e Referências
> Rua da Consolação ................................................................................... 260 m
> Estação de metrô Paulista ....................................................................... 450 m
> Estação de metrô Consolação ................................................................. 800 m
> Avenida Paulista ........................................................................................1,5 km
©20
13 G
oogl
e, M
apLi
nk
> Edifício em retrofit
> Previsão de entrega: agosto de 2014
> Área privativa: 3.644,19 m² >> Área andar tipo: 331,29 m² >> Área térreo: 897,67 m² >> Áreas do 1º e 2º subsolo: 829 m² cada
> Disponível para locação
> Andares tipo com vão livre OFFICE+55 11 3323 0000SÃO PAULO, [email protected]
COLLIERS INTERNATIONAL BRASILRua Olimpíadas, 205 - 1º andar04551-000 São Paulo SPwww.colliers.com.br
REF. 3155 > PARA LOCAÇÃO > ESCRITÓRIOS
Edifício CeresRUA JOSÉ GUERRA, 626 - SÃO PAULO - SP
O Imóvel
> Área construída: 3.568,75 m²
> Edifício monousuário
> Número de andares: 3
>> Térreo + 2 andares
> Vagas de garagem: 38
> Elevador: 1
> Ar condicionado central
> Piso elevado
> Forro e luminárias
> Gerador para área total