Market Report -- Porto Alegre, Brazil

Market Research

Properties

Porto Alegre, 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 40.50	BRL 45.00	BRL 42.75	$ 26.88	$ 29.86	$ 25.45	5.0%	9.0%
Class A (Prime)	BRL 31.50	BRL 36.00	BRL 33.75	$ 20.90	$ 23.89	$ 20.09	5.0%	9.0%
Class B (Secondary)	BRL 22.50	BRL 27.00	BRL 24.75	$ 14.93	$ 17.92	$ 14.73	5.5%	9.0%

Suburban Office
New Construction (AAA)	BRL 22.50	BRL 27.00	BRL 24.75	$ 14.93	$ 17.92	$ 14.73	5.0%	9.0%
Class A (Prime)	BRL 22.50	BRL 27.00	BRL 24.75	$ 14.93	$ 17.92	$ 14.73	4.5%	9.0%
Class B (Secondary)	BRL 18.00	BRL 18.00	BRL 18.00	$ 11.94	$ 11.94	$ 10.71	5.5%	9.0%

Industrial
Bulk Warehouse	BRL 9.00	BRL 22.50	BRL 15.75	$ 5.97	$ 14.93	$ 9.38	5.0%	10.0%
Manufacturing	BRL 9.00	BRL 22.50	BRL 15.75	$ 5.97	$ 14.93	$ 9.38	4.5%	10.0%
High Tech / R&D	BRL 9.00	BRL 22.50	BRL 15.75	$ 5.97	$ 14.93	$ 9.38	5.0%	10.0%

Retail
Downtown	BRL 45.00	BRL 63.00	BRL 54.00	$ 29.86	$ 41.81	$ 32.14	4.5%	11.0%
Neigborhood Service Centers	BRL 36.00	BRL 54.00	BRL 45.00	$ 23.89	$ 35.83	$ 26.79	5.0%	11.0%
Community Power Center	BRL 18.00	BRL 27.00	BRL 45.00	$ 11.94	$ 17.92	$ 26.79	4.5%	11.0%
Regional Malls	BRL 18.00	BRL 27.00	BRL 45.00	$ 11.94	$ 17.92	$ 26.79	4.5%	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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