Market Report -- Sao Paulo, Brazil

Market Research

Properties

Sao Paulo, Brazil

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Commercial Properties Brazil
Last Updated: 23-Oct-2009

* Click on each category for a detailed definition.

	RENT/M2/MONTH			RENT/SF/YEAR
	Low	High	Effective Avg.	Low	High	Effective Avg.	Vacancy	Investment Yield
Downtown Office
New Construction (AAA)	BRL 75.00	BRL 110.00	BRL 1,140.00	$ 48.61	$ 71.30	$ 662.79	4.3%	N/A
Class A (Prime)	BRL 70.00	BRL 100.00	BRL 1,020.00	$ 45.37	$ 64.82	$ 593.02	5.5%	N/A
Class B (Secondary)	BRL 50.00	BRL 90.00	BRL 840.00	$ 32.41	$ 58.33	$ 488.37	6.1%	N/A

Suburban Office
New Construction (AAA)	BRL 55.00	BRL 65.00	BRL 720.00	$ 35.65	$ 42.13	$ 418.60	5.0%	N/A
Class A (Prime)	BRL 52.00	BRL 62.00	BRL 684.00	$ 33.70	$ 40.19	$ 397.67	5.5%	N/A
Class B (Secondary)	BRL 50.00	BRL 60.00	BRL 660.00	$ 32.41	$ 38.89	$ 383.72	10.2%	N/A

Industrial
Bulk Warehouse	BRL 18.00	BRL 25.00	BRL 258.00	$ 11.67	$ 16.20	$ 150.00	2.0%	N/A
Manufacturing	BRL 16.00	BRL 18.00	BRL 204.00	$ 10.37	$ 11.67	$ 118.60	5.0%	N/A
High Tech / R&D	BRL 16.00	BRL 22.00	BRL 228.00	$ 10.37	$ 14.26	$ 132.56	3.0%	N/A

Retail
Downtown	BRL 20.00	BRL 180.00	BRL 600.00	$ 12.96	$ 116.67	$ 348.84	5.0%	N/A
Neigborhood Service Centers	BRL 50.00	BRL 100.00	BRL 900.00	$ 32.41	$ 64.82	$ 523.26	8.0%	N/A
Community Power Center	BRL 60.00	BRL 150.00	BRL 1,250.00	$ 38.89	$ 97.22	$ 726.74	6.0%	N/A
Regional Malls	BRL 150.00	BRL 400.00	BRL 3,300.00	$ 97.22	$ 259.26	$ 1,918.60	8.0%	N/A

Development Land	Low/ M2	High/ M2	Low/ M2	High/ M2
Office in CBD	N/A	N/A	N/A	N/A
Land in Office Parks	N/A	N/A	N/A	N/A
Land in Industrial Parks	N/A	N/A	N/A	N/A
Office/Industrial Land - Non-park	N/A	N/A	N/A	N/A
Retail/Commercial Land	N/A	N/A	N/A	N/A
Residential	N/A	N/A	N/A	N/A

Conversion 1.72BRL = 1 US$

Build on the power of our network™

1 609 945 4000

NAI Global^® is not affiliated with the Appraisal Institute^®, or its MAI designation.