EXCLUSIVE CONTENT
Join our mailing list for Real Estate News, Events, Insights & Resources.

2024 has already seen over 1.5 million m² leased in class A+, A, and B industrial properties across Brazil. Data collected by the SiiLA intelligence team shows that 60% of the absorptions are concentrated in São Paulo, totaling 913,000 m².
The data compile the leases from January to May. In this period, besides São Paulo, Minas Gerais also stood out, with 242,000 m² of properties leased.
Bahia ranked third outside the Southeast region, with 76,000 m² absorbed. Following are Rio de Janeiro with 64,000 m² and Pernambuco closing the TOP 5 with 60,000 m².
In addition to regional insights, SiiLA data shows that the Consumer Goods sector led with over 371,000 m². These numbers were driven by e-commerce, with Mercado Livre's leases accounting for more than one-third of the sector's figures; the Argentine retailer absorbed 161,000 m².
In second place is also from the Consumer Goods sector, specifically an e-commerce company: the Chinese Shopee, with 150,000 m² leased across Brazil.
The SiiLA team identified a gap between the second and third largest leases. In third place is Nagumo Supermarkets, with 44,000 m², a difference of 105,000 m² compared to the Chinese retailer.
So far, the largest lease this semester is by Mercado Livre, which leased 111,000 m² in GLP Guarulhos II, a major development in São Paulo, within a 30 km radius of the capital.
Another significant lease was at Cone Multimodal – Phase II, with 49,000 m² also leased by Mercado Livre. The third largest lease is by Nagumo Supermarkets, with 44,000 m², at WT Element Guarulhos.
In terms of the number of leases, the leader is the Chinese retailer Shopee, with 11 leases, considering only class A+, A, and B industrial properties.







Join our mailing list for Real Estate News, Events, Insights & Resources.
