Brazil Rents Jump 9.44% in 2025 With Barueri the Priciest Market

Overview

• New contracts averaged R$50.98 per m² in December, equivalent to R$2,549 a month for a 50 m² unit across the 36 cities tracked by FipeZAP.
• Barueri led price levels at R$70.35 per m², with Belém ranking as the most expensive capital at R$63.69 per m² and São Paulo third overall at R$62.56 per m².
• Teresina posted the steepest annual gain at 21.81%, with Northeast capitals featuring prominently among the biggest increases.
• The implied rental yield reached 5.96% in December 2025, marking the highest level since around 2011, according to FipeZAP.
• Analysts expect rent pressures to persist into early 2026, though at a slower pace, citing a strong labor market plus near‑term wage and tax changes.