Sao Paulo Industrial Market Report

The indicators for the first half of 2024 indicate that activity in the industrial and logistics warehouse segment is quite positive, especially in São Paulo, the country’s largest market. The high-end industrial and logistics warehouses inventory increased by 287 thousand m². A total of 553 thousand m² innew inventory were delivered this year, almost three times the volume delivered in the same period of 2023.

Demand indicators remained positive in this quarter, with 483 thousand m² net absorption, and 673 thousand m² gross absorption, almost twice what it was in the same quarter last year. These are the highest absorptions of the past 2 years. Year-to-date net absorption was 758 thousand m² or 63% of the total registered last year.