The external environment is challenging, with uncertainties regarding economic slowdown in the U.S. and the Fed’s stance. In Brazil, economic and employment indicators have exceeded expectations, leading to a revision of the GDP growth projection for 2024, which rose from 2.3% to 3.2%. Despite this, slower growth is anticipated in the second half of 2024, with a forecast of 2% for 2025.
Manufacturing output dropped slightly compared to the previous quarter, primarily due to food, beverages, and chemicals.
The industrial and logistic real estate market should continue to grow as supply is limited and asking rents go up. Metropolitan areas, and in particular São Paulo, should remain attracting tenants, specially from e-commerce, and driving up prices.
Download Sao Paulo Industrial /Logistics Market Report Q3 2024