The industrial market in Brazil demonstrated remarkable expansion during the second quarter of 2023 (2Q23) as it welcomed the completion of several new developments across the country. According to the latest data from the SiiLA Market Analytics platform, the inventory of industrial properties, encompassing classes A+, A, and B, has reach 23.6 million square meters. Of those, 18 million square meters situated in the Southeast region. 

Notable among the deliveries is the Castelo 57 Business Park, strategically located in São Roque, São Paulo. Boasting a Gross Leasable Area (GLA) of 67,242 square meters, this high-end asset is classified as a Class A+ property. Fulwood, the developer behind the project, invested a significant R$ 190 million to bring this venture to life. 

At the opening of Castelo 57 Business Park, SiiLA took center stage, providing the attendees with insights into the current state of the logistics market. Read the full article about the opening event!  

Another new property delivered in the period is MBigucci Business Park Santo André, located in the Grande ABC region of São Paulo. Encompassing a total area of 4,768 square meters, this asset has already reached full occupancy, leased for companies from Vehicles and Parts, Import and Export, and Services sectors. Remarkably, the region where the property is located currently boasts a vacancy rate of merely 3.25%. 

In addition to these developments, other properties were delivered in key locations like Navegantes, Santa Catarina; Pavuna, Rio de Janeiro; Quatro Barras, Curitiba; and Varginha, Minas Gerais. For those seeking comprehensive information about these newly delivered developments and an in-depth analysis of the logistics real estate market's performance across all regions, SiiLA offers its powerful Market Analytics solution!