Brazil has undergone an economic slowdown recently. In spite of this slowdown, real estate developers in Brazil are not seeing any reduction in demand for commercial development. Commercial real estate prices in Brazil continue to rise. There has been plenty of demand to sustain high rental rates in Brazil’s most sought-after cities, such as Sao Paulo and Rio de Janeiro.
Out of all of the developing countries in the world, Brazil is considered most often by foreign investors for real estate purchases this year. Helping the commercial real estate market in Brazil is the fact that Brazil has a mixture of socio-economic status. Rio de Janiero is in demand because it is the site for the 2016 Olympic games, as well as for its prosperous oil industry.
These factors all continue to Brazil’s excellent performance in the commercial real estate market. Office rental rates in Rio continue to outperform inflation. Many properties have tenants that have already made a commitment to leasing the majority of buildings that are currently under construction. In Rio de Janiero, property prices grew 15 percent in the period ending August 2013. Demand for office space is expected to remain high.
Commercial real estate firms are benefitting greatly from Brazil’s booming real estate market. One of these firms, Cabral Garcia Empreendimentos, has just completed several large commercial projects and plans to begin new projects in Rio’s West Zone, which is a current hot spot for development.
Cabral Garcia Empreendimentos is a real estate firm located in Rio de Janeiro, Brazil. The company was created in 2005 to tackle the needs of the real estate market in Brazil. Cabral Garcia Empreendimentos has worked on a number of important real estate projects. The Townhouses Hotel Lapa was acknowledged for its innovation, receiving the ADEMI Master Award in 2013. The Cabral Garcia Empreendimentos company utilizes a quality management team which is instrumental in the firm’s ability to build and oversee all of their own assets. Cabral Garcia Empreendimentos hopes to meet the country’s current and future real estate needs through innovative solutions that are flexible, creative, and secure. According to their new website Cabral Garcia Empreendimentos has an excellent team that is committed to developing creative solutions to overcome the fluctuating real estate challenges in Brazil. The company hopes to position its real estate operations as a leader in the industry by joining with a number of strategic partners, such as Fonte Consultoria imobiliaria and Ibis Hotels.