São Paulo
In the fourth quarter of 2024, the market for industrial and logistics condominiums in the State of São Paulo showed notable progress. Total stock expanded to 19.52 million m², reflecting strong growth. At the same time, there was an increase in construction activity, which reached 1.90 million m² under construction. The vacancy rate fell to 8.29%, signaling a greater occupation of available spaces. In absolute terms, this corresponds to 1.61 million m² still unoccupied. Comparing with the previous quarter, new stock was 255 thousand m², higher than the previous quarter.
Absorption indicators showed an acceleration trend. Gross absorption increased to 502 thousand m², while net absorption increased to 262 thousand m². The average rental asking price increased, reaching R$27.03/m² per month.
In Class A condominiums, there was a small decrease in net absorption to 233 thousand m², together with a reduction in the vacancy rate to 8.63%. On the other hand, in Class Others condominiums, net absorption increased to 28 thousand m², and the vacancy rate decreased to 7.07%.
Occupancy, Vacancy Rate, New Stock and Construction Activity
Industrial and Logistical Condominiums (Class A and Others)
Net Absorption and Vacancy Rate
Industrial and Logistical Condominiums
Ocupantes’ methodology for classifying Logistics Condominiums can be summarized as follows:
“Class A” condominiums: Warehouses with high technical specifications | “Other Class” Condominiums: Warehouses with lower technical specifications.
Rio de Janeiro
The fourth quarter of 2024 brought significant transformations to the industrial and logistics condominium market in the state of Rio de Janeiro. Total stock expanded to 3.08 million m². However, there was a reduction in construction activity to 133 thousand m² under construction. The vacancy rate also decreased, now at 11.26%, which corresponds to approximately 347 thousand m² of space still available. The quarter was also highlighted by the delivery of 171 thousand m² of new stock.
Gross absorption had a significant increase, reaching 242 thousand m², and net absorption also grew, reaching 224 thousand m². In relation to prices, there was a reduction in the average rental asking prices, which became R$ 22.20/m² per month.
Class A condominiums demonstrated an increase in net absorption, rising to 223 thousand m², and the rate of vacancy in this segment fell to 10.63%. On the other hand, Class Others condominiums showed a net absorption of just 1,253 m² and a vacancy rate of 21.12%.
Occupancy, Vacancy Rate, New Stock and Construction Activity
Industrial and Logistical Condominiums (Class A and Others)
Net Absorption and Vacancy Rate
Industrial and Logistical Condominiums
It is important to highlight that past trends do not guarantee future results. Ocupantes does not assume responsibility for decisions made based on this information.
The information presented in this document is updated based on the publication date and may undergo changes until the next edition.
