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: 29-Feb-2008

* 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 10.50	BRL 20.00	BRL 16.00	$ 6.50	$ 12.39	$ 8.89	3.5%	N/A
Class A (Prime)	BRL 16.00	BRL 16.00	BRL 12.50	$ 9.91	$ 9.91	$ 6.94	5.0%	N/A
Class B (Secondary)	BRL 5.00	BRL 12.50	BRL 9.00	$ 3.10	$ 7.74	$ 5.00	5.0%	N/A

Suburban Office
New Construction (AAA)	BRL 11.00	BRL 18.00	BRL 14.00	$ 6.81	$ 11.15	$ 7.78	5.0%	N/A
Class A (Prime)	BRL 9.00	BRL 16.00	BRL 12.50	$ 5.57	$ 9.91	$ 6.94	2.5%	N/A
Class B (Secondary)	BRL 5.00	BRL 11.00	BRL 7.00	$ 3.10	$ 6.81	$ 3.89	5.0%	N/A

Industrial
Bulk Warehouse	BRL 3.50	BRL 9.00	BRL 5.00	$ 2.17	$ 5.57	$ 2.78	2.0%	N/A
Manufacturing	BRL 3.50	BRL 5.00	BRL 3.50	$ 2.17	$ 3.10	$ 1.94	2.0%	N/A
High Tech / R&D	BRL 3.50	BRL 5.00	BRL 3.50	$ 2.17	$ 3.10	$ 1.94	2.5%	N/A

Retail
Downtown	BRL 9.00	BRL 16.00	BRL 12.50	$ 5.57	$ 9.91	$ 6.94	2.5%	N/A
Neigborhood Service Centers	BRL 11.00	BRL 14.00	BRL 12.50	$ 6.81	$ 8.67	$ 6.94	2.5%	N/A
Community Power Center	BRL 11.00	BRL 16.00	BRL 12.50	$ 6.81	$ 9.91	$ 6.94	2.0%	N/A
Regional Malls	BRL 12.50	BRL 18.00	BRL 14.00	$ 7.74	$ 11.15	$ 7.78	2.0%	N/A

Development Land	Low/Acre	High/Acre	Low/Acre	High/Acre
Office in CBD	N/A	N/A	N/A	N/A
Land in Office Parks	BRL 2,277,000.00	BRL 3,105,000.00	$ 1,265,000.00	$ 1,725,000.00
Land in Industrial Parks	BRL 165,600.00	BRL 293,940.00	$ 92,000.00	$ 163,300.00
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 1.8BRL = 1 US$

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