Market Report -- Rio de Janeiro, Brazil

Market Research

Properties

Rio de Janeiro, Brazil

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

Market Research provided by NAI Commercial Properties Brazil
Last Updated: 25-Oct-2010

* 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 120.00	BRL 180.00	BRL 150.00	$ 79.63	$ 119.45	$ 89.29	1.8%	10.0%
Class A (Prime)	BRL 110.00	BRL 160.00	BRL 135.00	$ 72.99	$ 106.17	$ 80.36	2.7%	10.0%
Class B (Secondary)	BRL 100.00	BRL 150.00	BRL 125.00	$ 66.36	$ 99.54	$ 74.40	5.6%	10.0%

Suburban Office
New Construction (AAA)	BRL 90.00	BRL 130.00	BRL 110.00	$ 59.72	$ 86.27	$ 65.48	7.1%	10.0%
Class A (Prime)	BRL 80.00	BRL 115.00	BRL 97.50	$ 53.09	$ 76.31	$ 58.04	5.9%	10.0%
Class B (Secondary)	BRL 60.00	BRL 90.00	BRL 75.00	$ 39.82	$ 59.72	$ 44.64	5.6%	10.0%

Industrial
Bulk Warehouse	BRL 13.50	BRL 22.00	BRL 17.75	$ 8.96	$ 14.60	$ 10.57	6.0%	10.0%
Manufacturing	BRL 13.50	BRL 20.00	BRL 16.75	$ 8.96	$ 13.27	$ 9.97	6.0%	10.0%
High Tech / R&D	BRL 14.00	BRL 22.00	BRL 18.00	$ 9.29	$ 14.60	$ 10.71	6.5%	10.0%

Retail
Downtown	BRL 80.00	BRL 260.00	BRL 170.00	$ 53.09	$ 172.53	$ 101.19	8.5%	11.0%
Neigborhood Service Centers	BRL 50.00	BRL 110.00	BRL 80.00	$ 33.18	$ 72.99	$ 47.62	8.0%	11.0%
Community Power Center	BRL 80.00	BRL 250.00	BRL 165.00	$ 53.09	$ 165.90	$ 98.21	8.0%	11.0%
Regional Malls	BRL 150.00	BRL 400.00	BRL 275.00	$ 99.54	$ 265.44	$ 163.69	6.5%	11.0%

Development Land	Low/ M2	High/ M2	Low/Acre	High/Acre
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 1.68BRL = 1 US$

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