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: 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 80.00	BRL 150.00	BRL 1,380.00	$ 51.85	$ 97.22	$ 802.33	1.0%	N/A
Class A (Prime)	BRL 70.00	BRL 140.00	BRL 1,260.00	$ 45.37	$ 90.74	$ 732.56	1.4%	N/A
Class B (Secondary)	BRL 60.00	BRL 100.00	BRL 960.00	$ 38.89	$ 64.82	$ 558.14	1.9%	N/A

Suburban Office
New Construction (AAA)	BRL 80.00	BRL 140.00	BRL 1,320.00	$ 51.85	$ 90.74	$ 767.44	1.0%	N/A
Class A (Prime)	BRL 70.00	BRL 140.00	BRL 1,260.00	$ 45.37	$ 90.74	$ 732.56	5.5%	N/A
Class B (Secondary)	BRL 60.00	BRL 100.00	BRL 960.00	$ 38.89	$ 64.82	$ 558.14	9.7%	N/A

Industrial
Bulk Warehouse	BRL 11.00	BRL 18.00	BRL 174.00	$ 7.13	$ 11.67	$ 101.16	6.5%	N/A
Manufacturing	BRL 11.00	BRL 15.00	BRL 156.00	$ 7.13	$ 9.72	$ 90.70	7.0%	N/A
High Tech / R&D	BRL 12.00	BRL 18.00	BRL 180.00	$ 7.78	$ 11.67	$ 104.65	6.5%	N/A

Retail
Downtown	BRL 80.00	BRL 250.00	BRL 1,980.00	$ 51.85	$ 162.04	$ 1,151.16	9.0%	N/A
Neigborhood Service Centers	BRL 40.00	BRL 100.00	BRL 840.00	$ 25.93	$ 64.82	$ 488.37	7.5%	N/A
Community Power Center	BRL 80.00	BRL 250.00	BRL 1,980.00	$ 51.85	$ 162.04	$ 1,151.16	8.5%	N/A
Regional Malls	BRL 150.00	BRL 400.00	BRL 2,200.00	$ 97.22	$ 259.26	$ 1,279.07	7.0%	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$

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