São Paulo
In the first quarter of 2026, the industrial and logistics condominium market in the State of São Paulo showed remarkable progress. Total inventory expanded to 21.85 million m², reflecting strong growth. There was also an increase in construction activity, reaching 1.73 million m² under construction. The vacancy rate fell to 6.64%. In absolute terms, this corresponds to 1.44 million m² still unoccupied. Compared to the previous quarter, the new inventory was 304,000 m², less than the previous quarter.
Absorption indicators also showed movement. Gross absorption fell to 708,000 m², and net absorption also fell, reaching 468,000 m². The average asking price for rent increased, reaching R$ 32.31/m² per month.
In Class A condominiums, there was a decrease in net absorption to 475,000 m², along with a drop in the vacancy rate to 6.79%. On the other hand, in Class Other condominiums, net absorption decreased to -6,000 m², and the vacancy rate increased to 6.03%.
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 first quarter of 2026 brought significant transformations to the industrial and logistics condominium market in the state of Rio de Janeiro. Total inventory increased to 3.13 million m². Construction activity decreased, with 114,000 m² under construction. The vacancy rate fell to 10.42%, corresponding to approximately 327,000 m² of space still available. Regarding new inventory, 19,000 m² were delivered this quarter.
Gross absorption increased to 85,000 m², and net absorption also increased, reaching 57,000 m². In terms of prices, there was an increase in average asking rental prices, which rose to R$ 28.11/m² per month.
Class A condominiums showed an increase in net absorption, reaching 61,000 m², and the vacancy rate in this segment decreased to 9.68%. On the other hand, the Other Class condominiums showed a net absorption of 4,000 m² negative and a vacancy rate of 23.98%.
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.
