Rio is the 2nd largest municipality by population in Brazil and the 6th largest in the Americas. The city per se has the 2nd highest level of GDP in the state, which is surpassed only by Sao Paulo, and thus, is a favorable destination in Brazil to establish an office. Rio de Janeiro has already become home to many local and international corporations working in the fields of insurance and finance, IT services, energy, media, tourism, oil and gas sector, and a range of others. On average, the metropolis boasts a customer-friendly office market, defined by the high levels of vacancy rates, and, at the moment, lowering asking rental rates. It allows occupants to choose the better regions for office rental in Rio de Janeiro and pick up the best building within these regions. At present, over 33% of office workspaces are vacant in the area. Class A office spaces in Rio de Janeiro are some of the most sought-after types of premises solutions among tenants.
