Global economic activity remains resilient, with sharper drops in inflation among the more developed economies. According to Brazil鈥檚 Institute for Geography and Statistics (IBGE), the nation鈥檚 economy grew 3.4% in 2024 driven by services and manufacturing industry. However, signs of an economic slow-down, a challenging scenario regarding inflation, foreign exchange, and the job market have caused experts to review the growth expectations for 2025. The Central Bank expects GDP to grow by 2%.
Increased net absorption and the constantly dropping vacancy rate are testaments to the recovery of the market for high-end office space, consolidating owner confidence in sustained growth in 2025.