In Five Months, the Industrial Properties Market Absorbed Over 1.5 Million 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.

• Read more: New leases by Shopee and Mercado Livre in Properties in São Paulo, Brazil

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.