NAI Global Opens Brazil Office
NAI Global Opens Brazil Office
NAI Brazil will serve all of Brazil from its Sao Paolo Headquarters
New York, NY & Sao Paulo, Brazil – January 16, 2020; NAI Global President and CEO Jay Olshonsky, FRICS, SIOR, announced today a new office in Sao Paulo that will provide commercial real estate services throughout Brazil – NAI Brazil.
Led by Partner & CEO Diogenes Coelho (on left) and Partner & COO Lucas Lopes, NAI Brazil provides brokerage services to owners and occupiers of industrial, office, retail and investment properties. Other sectors served by NAI Brazil include land sales, multifamily properties, hotel/hospitality and resort properties.
In addition, the company offers property management, appraisals and property valuation services, consulting, corporate relocation, project management, facilities management, lease administration, market research, and space planning & design services.
Formed as recently as December last year, NAI Brazil has 12 real estate professionals with a combined 100+ years of commercial real estate experience in Brazil, plus two staff personnel.
“We welcome NAI Brazil to NAI Global. This new office truly and literally anchors our operations in Latin America and gives us a strong presence throughout the region. In combination with the other offices we have in our southern-most continent, plus the Southern Hemisphere approach and work being done by NAI Mexico, we’ve never been more competitive in the region,” said Jay Olshonsky.
Brazil Economic Overview
In the third quarter of 2019, Brazil’s economy expanded at its fastest pace since the start of 2018, as it appears to be leaving behind years of sluggish growth that followed the country’s worst recession on record. Consumer spending and business investment increased in the third quarter last year as a combination of slow inflation, low borrowing costs and the economic policies of President Jair Bolsonaro put more money in shoppers’ pockets and encouraged companies to raise money to finance future expansion.
Brazil’s gross domestic product rose 0.6% in the three months through September from the second quarter and 1.2% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, reported in the fourth quarter.
More about Brazil’s economy: Brazil is a developing free-market economy – the largest economy in Latin America and 9th largest in the world. From 2000-2012 Brazil was one of the fastest growing economies in the world and was the “B” in BRIC when economists discussed the world’s fastest growing economies (Russia, India and China were the others). Services account for approximately 76% of its GDP, while industry (18.5%) and agriculture (5.5%) are the other main drivers of its economy. The country entered into a recession in 2014 which carried through all of 2015 and 2016, when its GDP was negative (-3.3%) for the latter year.
The office is located at:
Rua Funchal, 411 – 5th floor
Vila Olimpia, Sao Paulo – SP Brazil,
For more information please visit: www.naibrazil.com.br
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com.