Last Tuesday (15), SiiLA SPOT, Brick Capital, and RBR hosted an event to introduce the new industrial development, Bricklog Guarulhos, located in Guarulhos, São Paulo. The event fostered discussions on the real estate market, its challenges, and future perspectives, engaging an audience of industry professionals. 

Hagen Schoof, Director at Brick Capital, and Derek Miyazaki, Real Estate Manager at RBR Asset, kicked off the event, providing details of the property, which is currently in the final stages of construction and is expected to be completed by January 2025. Upon completion, the facility will offer over 105,000 square meters of high-standard logistics space. 

Following that, Giancarlo Nicastro, CEO of SiiLA, presented an overview of the performance of industrial properties in São Paulo and the Guarulhos region, using the most recent data from the Market Analytics platform. Nicastro highlighted that Guarulhos currently has a vacancy rate of 6.89%, below the state average of 7.7%. 

The market value for industrial assets in the region is R$ 28.64/m², the highest among all industrial areas tracked by the platform in the state. 

Giancarlo also presented an exclusive analysis of property performance by highway corridor. The Dutra and Ayrton Senna corridors currently have a total inventory of 2.6 million m² in A+, A, and B class properties. Since 2021, the inventory has grown by more than 1 million m² and is expected to increase by another 1.264 million m² by the end of 2026. 

Compared to other corridors, such as Bandeirantes/Anhanguera, Castelo Branco, and Imigrantes/Anchieta, Dutra/Ayrton Senna boasts the highest market value at R$ 27.91/m² at the end of Q3 2024. 

“Looking at the entire Guarulhos region, the sectors with the highest demand for space are Consumer Goods companies, followed by Transportation and Logistics, and the Food, Pharmacy, and Convenience Store sector. In terms of occupants, Shein currently leads with a total occupancy of 215,000 m², followed by Mercado Livre, which occupies more than 170,000 m² in the region,” revealed the CEO of SiiLA.