Brazil betting ban may hit Sao Paulo office market, but impact seen small

A Brazilian provisional measure announced on Friday will prohibit 34 betting and virtual gaming companies from operating, which occupy nearly 37,000 sqm of office space in Sao Paulo. The immediate effect is uncertainty in the office market, but the consultancy RealtyCorp suggests the overall impact of a possible exit would be small, likely due to limited vacancy absorption relative to the market size.