The gross absorption was 240 thousand m² and the net absorption was 223 thousand m² in the quarter, both above the 3rd quarter. The vacancy rate dropped from 12.5% to 10.2%.
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Rio de Janeiro Industrial Market Report
Q4 2024
Leases of high-end industrial and logistics warehouses in Rio de Janeiro picked up quite a bit late in 2024, with gross absorption of 240 thousand m², and net absorption of 223 thousand. These results contributed to record annual numbers;
