RIO DE JANEIRO, BRAZIL - A study conducted by the APSA, one of the largest condominium management companies in the country, found that the vacancy rate of commercial properties in Q2 more than doubled compared to Q1 during the social isolation period.
According to the study, downtown was the neighborhood suffering the greatest impact on vacancies because it concentrates a large part of the city's commercial premises. The second most affected neighborhood was Del Castilho, followed by Vila Isabel and Tijuca, all in the North Zone.
The data shows that out of a total of about 40,000 commercial properties . . .
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