São Paulo
In the fourth quarter of 2025, the industrial and logistics condominium market in the State of São Paulo showed remarkable progress. Total inventory expanded to 21.23 million m², reflecting strong growth. There was a decrease in construction activity, which stood at 1.65 million m² under construction. The vacancy rate fell to 7.62%. In absolute terms, this corresponds to 1.61 million m² still unoccupied. Compared to the previous quarter, the new inventory was 544,000 m², higher than the previous quarter.
Absorption indicators also showed movement. Gross absorption increased to 698,000 m², and net absorption also increased, reaching 533,000 m². The average asking price for rent increased, reaching R$ 31.09/m² per month.
In Class A condominiums, there was an increase in net absorption to 491,000 m², along with an increase in the vacancy rate to 8.19%. On the other hand, in Class Other condominiums, net absorption decreased to 41,000 m², and the vacancy rate fell to 5.34%.
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 2025 brought significant transformations to the industrial and logistics condominium market in the state of Rio de Janeiro. Total inventory increased to 3.10 million m². Construction activity decreased, with 113,000 m² under construction. The vacancy rate increased to 11.84%, corresponding to approximately 367,000 m² of space still available. Regarding new inventory, 11,000 m² were delivered this quarter.
Gross absorption increased to 38,000 m², and net absorption also increased, reaching a negative 8,000 m². Regarding prices, there was a decrease in average asking rental prices, which fell to R$ 24.83/m² per month.
Class A condominiums showed a decrease in net absorption, reaching a negative 9,000 m², and the vacancy rate in this segment rose to 11.30%. On the other hand, the Other Class condominiums showed a net absorption of 836 m² and a vacancy rate of 21.54%.
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.
