Six e-commerce giants spend approximately BRL 2.08 billion annually on industrial properties rents
- SiiLA study covers space occupied by Mercado Livre, Shopee, Amazon, Magalu, Shein, and Via; scope excludes standalone warehouses and facilities leased by third parties to serve these companies
Mercado Livre, Shopee, Amazon, Magalu, Shein, and Via spend an estimated BRL 173.2 million per month on industrial properties rents in Brazil, according to a study using data from SiiLA’s Market Analytics platform. Assuming occupied areas and the average rental rates used in the calculation remain unchanged, this expense amounts to BRL 2.08 billion per year.
To put this figure into perspective, the six companies’ estimated rent over six months would total BRL 1.04 billion. This represents approximately 0.5% of the BRL 208.4 billion in revenue generated by Brazilian e-commerce in the first half of 2026, according to a Confi survey conducted through Neotrust and Aftersale, in partnership with E-commerce Brasil, and reported by Meio & Mensagem.
The comparison provides a sense of scale: the revenue figure covers the entire domestic sector, while the rental estimate includes only the six companies and part of their real estate infrastructure. The percentage therefore does not represent this expense as a share of each company’s individual revenue.
Together, the six companies occupy approximately 5.79 million sq m in the logistics parks included in the dataset analyzed. Mercado Livre leads with 2.99 million sq m and estimated rent of BRL 93.35 million per month, equivalent to BRL 1.12 billion per year.
Shopee ranks next, with an estimated monthly expense of BRL 32.49 million, followed by Amazon at BRL 18.85 million and Magalu at BRL 14.11 million. Shein and Via complete the group, at BRL 8.70 million and BRL 5.73 million per month, respectively.
Occupied area alone, however, does not determine the size of the bill. Shein occupies approximately 219,900 sq m, less than Via’s 236,600 sq m, but has a higher estimated rental expense. The area-weighted average monthly rent for Shein’s occupied space is BRL 39.57 per sq m, compared with BRL 24.20 per sq m for Via.
The study covers occupancy recorded in the second quarter of 2026 at Class A+, A, and B logistics parks. It excludes standalone warehouses and indirect leases, such as properties leased by carriers or logistics providers to serve an e-commerce company.
The figures were calculated by multiplying the occupied area by each property’s Market Value, used as a rental benchmark, excluding common area maintenance charges and property tax (IPTU).
