Snapshot Office | 3Q | 2014
Transcrição
Snapshot Office | 3Q | 2014
3RD QUARTER 2014 | OFFICE RECIFE SNAPSHOT REPORT CLASSES A+, A AND B OFFICE SNAPSHOT REPORT INCREASING AVAILABILITY RATE INDUCES PRESSURE ON PRICES Will be considered classes A +, A, B and C about Recife and it´ s metropolitan area. Due to the size and local characteristic, Colliers International will not distinguish inventory between corporate and office. Will not be considered buildings used as headquarters (occupied by the landlord), public, medical or institutional. EXISTING INVENTORY, AVAILABILITY RATE AND NET ABSORPTION The third quarter was characterized by the delivery of the property Novo Mundo Empresarial located in the metropolitan area of Recife. The project that has a total leasable area of approximately 43,000sqm consists of six buildings and will be a milestone not only for the region but also for the entire market. Actually the classes A+ and A (high-end), have an availability rate of 38.3% compared to 5% of class B. About 45% of the available area in classes A+ and A refers to those properties delivered between the years 2013 and 2014, a situation that should intensify due to the fact that 88,000sqm are expected to enter into the market in the fourth quarter. The increasing availability rate is already inducing pressure on lease prices, especially in high-end buildings. In other hand, it is expected an increase of demand, especially in 2015. Total: 407 thousand sqm 250 38.3 256 50% 20% 100 151 A+ and A Inventory www.colliers.com.br 120.000 80% 100.000 120,981 60% 80.000 60.000 42.9 40% 40.000 41,405 14.7 24,984 1.03 Boa Viagem Boa Vista Ilha do Leite Inventory 16,000 0.0 Recife Antigo 20% 43,290 9.232 5.8 RM Recife Zona Norte Availability 0% B Availability The quarter’s net absorption of 5,357sqm for classes A+ and A had a share of 75% in RM Recife. class Net Absorption (sqm) 10% 5.0 0 90.8 0 30% 50 100% 140.000 40% 200 150 EXISTING INVENTORY AND AVAILABILITY RATE BY SUBMARKET AND CLASSES A+ AND A (SQM AND %) 20.000 EXISTING INVENTORY AND AVAILABILITY RATE BY CLASS (SQM AND %) 300 The submarkets of Boa Viagem and RM Recife have the largest existing inventory and the largest amount of square meters available for lease. 0% A+ and A 5,357 B -76 3RD QUARTER 2014 | OFFICE PRICES FUTURE INVENTORY Compared to the previous quarter, the average prices of classes A+ and A decreased by 1.3%. For class B there was a slight increase of 1.2%. The market of Recife will strongly increase in the coming years given the pipeline up to 2017. The projects are spitted across the market with a larger share in the submarket of Boa Viagem, which represents 48% of the total. The average asking lease price for class A+ and A is R$ 64.82/sqm/month and R$ 55.36/sqm/month for class B. With the delivery of Novo Mundo Empresarial property, the submarket with the highest asking price is currently RM Recife. Delivery by Year AVERAGE ASKING LEASE PRICE BY CLASS AND SUBMARKET (R$/SQM/MONTH) R$ 70.00 R$ 68.93 R$ 61.52 R$ 65.00 R$ 60.07 Total 2014 88,000 2015 46,000 2016 71,000 2017 6,000 R$ 54.94 R$ 57.39 R$ 55.29 R$ 47.31 Boa Viagem Boa Vista Ilha do Leite Classes A+ and A RM Recife Class B Zona Norte STATISTICS TABLE BY SUBMARKET OF RECIFE Availability Availability Rate Rate A+ and A B AVG Price A+ and A AVG Price B 9.5% R$ 61.52 R$ 55.29 2,540 -135 101,173 1.3% 0.2% R$ 68.93 R$ 65.00 0 60 18,520 13,030 14.7% 6.1% R$ 60.07 R$ 57.39 -847 -92 20,000 16,000 34,650 0% 0% - - 0 0 - RM Recife 43,290 - 90.8% - R$ 70.00 - 4,000 - 32,791 Zona Norte 9,232 20,392 5.8% 0.9% R$ 54.94 R$ 47.31 -336 91 38,879 Total 255,892 151,388 38.3% 5.0% R$ 64.82 R$ 55.36 5,357 -76 211,363 Submarket Inventory A+ and A Inventory B Boa Viagem 120,981 69,116 42.9% Boa Vista 24,984 14,200 Ilha do Leite 41,405 Recife Antigo Net Net Under Absorption Absorption Construction A+ and A B More information: RESEARCH AND MARKET INTELLIGENCE [email protected] “Esse documento foi elaborado pela Colliers International Brasil. Todas as informações contidas neste documento poderão sofrer alterações sem aviso prévio. A colliers International é uma organização mundial e independente. Esta publicação é de direitos autorais da Colliers International e/ou sua licenciadora. © 2013. Todos os direitos reservados.” www.colliers.com.br OFFICE [email protected] Accelerating success. Colliers International | p. 2
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