Projects like Cy.Log Guarulhos serve as strong regional examples. The second phase of the development offers 107,000 m² and sits between two of São Paulo state’s main highways—Dutra and Ayrton Senna. Guarulhos is also a major gateway between São Paulo’s capital and the countryside, and it is home to the largest international airport in Latin America.

“Guarulhos is in a location that serves a massive demographic—São Paulo’s East Zone, which is very densely populated, in addition to Guarulhos itself, which is a huge city. And on the other end, you have Rio de Janeiro, Brazil’s second-largest capital. So, it’s an incredibly strategic location,” Ackermann added.

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Although there was no new supply delivered in Q1 2025, the region could still add 648,000 m² through new developments and expansions. According to the Cy Capital executive, limited land availability is what gives Guarulhos its long-term advantage.

“One very important characteristic is the tightly controlled new supply. Guarulhos is already a highly urbanized and dense area. So, we don’t see large plots available for future logistics development—it’s very restricted. That’s a key point because it means supply will remain limited over the years. So, whoever builds, builds; whoever leases, leases. After that, it will just become increasingly expensive and scarce,” he concluded.