SiiLA Brasil is the latest institution to partner with FGV’s Brazilian Institute of Economics (IBRE), to supply data for the General Index for the Commercial Real Estate Market (IGMI-C). The purpose of the commercial real estate market index is to reflect the evolution of prices and earnings in the commercial real estate market across Brazil, with the most comprehensive coverage possible.

The IGMI-C was developed by IBRE with sponsorship and collaboration from 26 entities, representing companies from the financial, real estate and pension fund segments. Published on a quarterly basis, the IGMI-C became a benchmark in commercial real estate profitability – including offices, hotels, and shopping malls, among others –, providing more transparency to investors and the market in general regarding the pricing process of sales, purchases and leases.

The partnership with SiiLA Brasil is explained by the fact that the platform is fully independent and works exclusively with surveys, without any purpose of marketing or leasing high-end commercial properties, industrial warehouses and shopping malls.

“The market’s main indicators already use our platform, which consolidates our commitment towards providing actual and reputable data,” said Giancarlo Nicastro, CEO of SiiLA Brasil.

Go to the website for more information, in Portuguese, on the IGMI-C.