São Paulo
In Q1 2022 the total stock of industrial and logistical condominiums in the state of São Paulo increased slightly to 15.85 million m², of which 350 thousand m² was new stock. The vacancy rate in the quarter fell to 13.53% which represents 2,1 million m² of vacant space. Construction activity in the quarter dropped to 2.08 million m². On the demand side, gross absorption increased to 389 thousand m². The average asking rent increased this quarter to R$19.93/m²/month.
The stock of Class A gated industrial and logistical warehouse condominiums in the state of São Paulo recorded a positive net absorption of 127 thousand m² and a vacancy rate that fell to 14.03%. The stock of Class “Others” recorded a negative net absorption of 18 thousand m² and a lower vacancy rate of 12.41%.
Occupancy, vacancy rate, construction activity and new stock
Industrial and Logistical condominiums (Class A and Others)
Net Absorption and Vacancy Rate
Warehouse condominiums
Rio de Janeiro
In Q1 2022 the total stock of industrial and logistical condominiums in the state of Rio de Janeiro increased slightly to 2.75 million m². The vacancy rate in the quarter dropped to 14.63% which represents 401 thousand m² vacant. Construction activity in the quarter dropped to 185 thousand m². On the demand side, gross absorption increased to 88 thousand m². The average asking rent fell this quarter to R$20.42/m²/month.
The stock of gated Class A industrial and logistical warehouse condominiums in the state of Rio de Janeiro recorded a positive net absorption of 72 thousand m² and a vacancy rate that fell to 13.22%. Gated industrial and logistical condominiums considered Class “Others” recorded a negative net absorption of 1.5 thousand m² and a vacancy rate that increased to 29.26%
Occupancy, vacancy rate, construction activity e new stock
Industrial and Logistical condominiums (Class A and Others)
Net Absorption and Vacancy Rate
Warehouse condominiums
