Guarulhos (SP) stands out as the region with the second-largest total stock, at 2.4 million m², but it has the highest vacant area, totaling 255 thousand m². Next is Cajamar (SP), with 231,000 m² available and a total stock of 2.9 million m².

The strong growth of these logistics hubs is driven by their proximity to São Paulo, Brazil’s largest economic center, along with a high concentration of consumer goods and transportation & logistics companies.

In Guarulhos, 36.9% of tenants belong to the consumer goods sector, while 29.9% are in transportation & logistics. In Cajamar, these figures are even higher, at 48.1% and 24.5%, respectively.

Outside São Paulo’s metropolitan area, the Belo Horizonte metropolitan region has the third-largest available GLA, with 202 thousand m² vacant. The region’s total stock stands at 1.3 million m², a more modest volume compared to Guarulhos and Cajamar.

Another noteworthy case, though less positive, is Canoas (RS), where Bresco Canoas is 100% vacant. The city was recently hit by severe flooding, which directly affected the property, located near the Jacuí River.

Breaking down availability by asset class, Class A+ properties have the highest vacancy, with 1.3 million m² available. Meanwhile, Class A assets have 608 thousand m² vacant, and Class B properties account for 313 thousand m².

Experts interviewed noted that these figures make sense, as Class A+ deliveries in Q4 2024 were higher than those of other categories. During the quarter, Class B properties saw some new supply, while Class A assets added 125,000 m², and Class A+ properties received 442 thousand m²of new stock.