In total, Brazil’s industrial property market comprises 28.6 million sqm, most of it concentrated in São Paulo. However, data from SiiLA’s Market Analytics shows that only four of the country’s ten largest assets are located in the state. 

The numbers also reveal that, despite their size, the vast majority of these developments are fully occupied, with only two properties reporting vacancy rates above 10%. Another pattern is asset quality: among the largest properties, just one is classified as Class B. 

While São Paulo remains the epicenter of the sector, with 15.1 million sqm of gross leasable area (GLA), the largest developments are already expanding into other states. Cajamar Logistics Center (CCL), in São Paulo’s metropolitan area, leads the ranking with 500,900 sqm, closely followed by the second place. The asset, owned by LP Bens, currently has a vacancy rate of 14%. 

Next in the ranking are GLP Guarulhos II (496,500 sqm) and GLP Guarulhos (440,000 sqm), both Class A+ assets in São Paulo. Also in the state’s metro area, Prologis Cajamar III, with 319,000 sqm, is located in Cajamar, one of Brazil’s most strategic and consolidated logistics hubs. 

Perini Business Park (284,000 sqm) is the first asset outside São Paulo to break into the top ten, and also the only Class B property on the list. In sixth place, Prologis Cajamar II brings the ranking back to São Paulo with 276,300 sqm. 

In Barueri, also in Greater São Paulo, Prologis Castelo 46 debuts at seventh with 266,500 sqm. DVR Business Park Porto Feliz follows in eighth place with 227,400 sqm, located in Sorocaba, in São Paulo’s countryside.