In the city of São Paulo, the state capital and the largest market for office buildings in the country, the 12 largest co-working companies occupy some 250 thousand m2, or less than 2% of the total office space in the city’s corporate offices. The Paulista region stands out not only for having the largest amount of such offices, but also the largest variety. However, most of the market is concentrated in two companies, the largest of which has 56% of the occupied area and the next largest only 13%.
The vacancy rate in the Paulista region is 12.7%, below the average for the city. It is the 4th most expensive area in terms of asking rental rates.