“The demands we’re seeing in the market are fully aligned with our development principles, which prioritize strategic location, technical quality, and sustainable solutions. These three pillars are essential for companies seeking to optimize their storage and distribution systems,” says Gavazza.

GLP is set to deliver two Class A assets by 2026: GLP Guarulhos III, which will offer approximately 250,000 m² of gross leasable area (GLA) across three warehouses, and GLP Taboão, totaling 119,000 m².

Brazil’s industrial warehouse stock currently totals 27.5 million m² in A+, A, and B-class facilities. Of this, 22 million m² is considered high-standard. According to SiiLA, this segment has grown by 74% since early 2020—rising from 12.8 million m² to 22.4 million m².

São Paulo alone accounts for 12.7 million m² of this high-standard stock, while the rest of the country holds 9.7 million m².

When São Paulo is excluded from the analysis, the high-standard warehouse stock in the rest of the country has grown by 91% since 2020. This points to a trend of decentralization, according to SiiLA’s market intelligence team. The shift is driven by both economic and population growth outside São Paulo, which is attracting companies to emerging logistics hubs.

Despite the positive trajectory, the sector still faces structural challenges. Rafael Picerni, Research and Strategy Analyst at JLL, highlights key factors affecting new deliveries:

“Developing new logistics warehouses in Brazil remains challenging. Rising construction costs—both for materials and labor—along with high interest rates, have led to project delays. In the first quarter of 2025, only 18% of the projected new supply was actually delivered,” says Picerni.