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Despite this increase in supply, demand has kept pace, with occupancy rates marginally rising from 91% in Q4 2020 to 92% by the end of 2022. This demonstrates the appeal of Ceará's strategic location to businesses looking to establish their operations and serve the large consumer market in northeastern Brazil.
Transportation and logistics, retail, and e-commerce are among the sectors that occupy the most industrial space in the state, with companies like Amazon and Mercado Livre leasing space in the region in the last year.
Looking ahead to 2023, Ceará's industrial property market is set to expand even further, with approximately 327,000 square meters of new industrial space to be delivered across three Class A+ and A properties. For example, BWDiase Business Park Fortaleza, with a planned gross leasable area of 190,000 square meters, will be one of the largest industrial parks in the state upon completion. This development offers numerous features, including 550 parking spaces for cars and trucks, a 12-meter ceiling height, and a floor loading capacity of 6 tons per square meter, making it an ideal location for businesses seeking top-tier industrial properties.
Another exciting addition to the market is the Condomínio Aurum 300, a build-to-suit development in Juazeiro do Norte with a planned gross leasable area of 14,835 square meters. This Class A+ industrial property is expected to be completed in 2025, further expanding the options available to businesses seeking high-quality industrial spaces in the state. Get more details about the project on the SiiLA SPOT platform, where Aurum Desenvolvimento Imobiliário is offering pre-leasing for available warehouses.
As Ceará continues to grow as a major industrial hub in northeastern Brazil, the demand for Class A+ and A industrial properties is likely to continue increasing. For businesses seeking industrial space in Ceará, SiiLA SPOT provides an ideal place to run your search, making it easier than ever to find the perfect location for your business. With the new developments on the horizon and the increasing demand for industrial properties in the state, now is the perfect time to explore available opportunities in Ceará's thriving industrial property market.
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