Sao Paulo
Sao Paulo and its Commercial Real Estate Market are unique in many respects. Did you know…
- Sao Paulo is the largest city in Brazil, the western and southern hemisphere, and the world’s eighth largest city by population.
- The city is home to Sao Paulo Stock Exchange, the Future Markets, and the Cereal Market Stock Exchanges (which is the second largest stock exchange in the world).
- The city is known for the size of its helicopter fleet, architecture, gastronomy, and skyscrapers.
- Sao Paulo ranks sixth in the world in terms of the number of billionaires, tied with Mumbai with 21 billionaires.
- Sao Paulo is the 10th richest city in the world. The city’s economy is largely service based, driven by the financial, business services and light manufacturing industries.
- 63% of all the international businesses in Brazil have their headquarters in Sao Paulo.
- The industrial market continues to remain stable with important gains in manufacturing and distribution. Over the past few years, the industrial market has experienced the relocation of industries from central zones to recently built construction parks in decentralized zones. Companies are motivated to relocate due to government incentives, lower labor costs, and lower cost of housing.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
