São Paulo
In the second quarter of 2025, the industrial and logistics condominium market in the State of São Paulo showed remarkable progress. Total inventory expanded to 20.28 million m², reflecting strong growth. There was a reduction in construction activity, which remained at 1.93 million m² under construction. The vacancy rate increased to 8.59%. In absolute terms, this corresponds to 1.74 million m² still unoccupied. Compared to the previous quarter, new inventory reached 653,000 m², significantly higher than the previous quarter.
Absorption indicators also improved. Gross absorption rose to 826,000 m², and net absorption also increased, reaching 564,000 m². The average asking rental price increased, reaching R$29.52/m² per month.
In Class A condominiums, net absorption increased to 539,000 m², along with an increase in the vacancy rate to 9.24%. Meanwhile, in Class Other condominiums, net absorption increased to 24,000 m², and the vacancy rate fell to 6.06%.
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 second quarter of 2025 brought significant transformations to the industrial and logistics condominium market in the state of Rio de Janeiro. Total inventory increased to 3.07 million m². Construction activity reached 124,907 m² under construction. The vacancy rate increased, now at 11.21%, corresponding to approximately 344,000 m² of available space. The quarter closed with the delivery of 11,003 m² of new inventory.
Gross absorption fell significantly, reaching 38,033 m², and net absorption also fell, reaching -9,556 m². Regarding prices, there was an increase in average asking rental prices, which rose to R$23.44/m² per month.
Class A condominiums showed a decrease in net absorption, reaching negative 9,000 m², and the vacancy rate in this segment rose to 10.48%. Conversely, Class Other condominiums showed a net absorption of 156 m² and a vacancy rate of 24.27%.
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.
