Big Oil Leads Rio Real Estate Renaissance on Energy Opening

There are growing signs that the worst may be over for Rio de Janeiro, at least for commercial real estate.

Rio office occupancy is inching up for the second straight year, as the oil industry emerges from a sprawling corruption scandal that was compounded by a price rout and a bankrupt state government, according to CBRE Group Inc, which tracks rentals and has its own database based on private surveys.

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