The concept of "last mile" refers to the final stretch of the product distribution process. In Brazil’s industrial market, most assets within a 30-kilometer radius of major urban centers, such as São Paulo, have become the go-to option for tenants prioritizing speed and efficiency in their operations.

According to exclusive data from SiiLA's Market Analytics platform, industrial assets within 30 kilometers of São Paulo's city center have an average vacancy rate of 7.4%.

Consumer goods companies, particularly those in e-commerce, are leading the charge in leasing these properties. Between Q3 2019 and Q3 2024, occupancy from companies in this sector surged by 73.1%, reaching a total of 1.25 million square meters.

In terms of total occupied space, consumer goods companies are second only to the transportation and logistics sector, which currently occupies 1.29 million square meters in logistics assets within the 30-kilometer radius.

For 2024, as of the third quarter, SiiLA reports that net absorption in these industrial parks reached 448,000 square meters, outpacing the 2023 total of 438,000 square meters and significantly higher than 2022’s 239,000 square meters.