During the last decades, the purpose of commercial buildings has changed from a simple support structure to the necessary environment to influence business’ results. Therefore, the planning process for creating a new real estate (R.E.) development involves analyzing not only the tenant’s requirements, but the overall economical and R.E. market scenario as well. Through historical series of office absorption data in São Paulo, politico-economical indicators and facts, this article attempts to infer a “cause and effect” relation between both markets.