Logistics rents top R$30/m² as revenue hits R$7.7 billion

Average transaction value reached the highest level in the historical series in 2026, while estimated rental revenue grew by nearly 20% over the past year

Fernando Yunes, country lead of Mercado Livre in Brazil; Pine Kyaw, vice president and head of Latin America at Shopee; and Juliana Sztrajtman, country manager of Amazon in Brazil

By: SiiLA News

08/04/2026

The average value of new leases signed at logistics parks surpassed the R$30/sqm mark for the first time. Data from SiiLA’s Market Analytics platform show that transactions reached R$30.01/sqm in 2026, the highest level in the historical series.

The figure represents an increase of nearly 8% compared with the average of R$27.85/sqm recorded in 2025. It is also approximately 15% above the national Market Rent, currently calculated at R$26.02/sqm.

The increase comes in a market with limited availability. The vacancy rate for A+, A and B-class logistics parks fell from 6.05% in the first quarter to 4.42% in the second quarter of 2026, the lowest level since 2016.

During the period, net absorption reached 888,000 sqm, while 388,000 sqm of new logistics space was delivered. Mercado Livre, Shopee and Amazon are helping sustain demand. Together, the companies occupy approximately 4.8 million sqm, nearly 16% of the national inventory monitored by SiiLA.

Mercado Livre leads by a wide margin, occupying approximately 2.99 million sqm. Its recent transactions include leases for 125,100 sqm at Zolver Bandeirantes and 63,100 sqm at KSM Log Guarulhos I.

Shopee, which occupies approximately 1.14 million sqm across the country, leased 100,800 sqm at BRZ 386 Logistics Park and 53,700 sqm at Parque Logístico Guarulhos II.

Amazon ranks third among digital fulfillment companies, occupying approximately 685,000 sqm. Other sectors also contributed to the market’s performance, particularly transportation and logistics, which recorded 593,000 sqm of net absorption over the past 12 months.

Sector revenue reaches record high

In 2025, Brazilian logistics parks generated an estimated R$7.7 billion in rental revenue. The amount, described by SiiLA as the “GDP of logistics real estate,” increased by nearly 20% from the R$6.43 billion recorded in the previous year.

Revenue generated by logistics properties has more than quintupled in less than a decade. In 2016, the indicator was estimated at R$1.48 billion.

“Warehouse GDP” reaches record high

The Southeast accounts for approximately R$6.1 billion, equivalent to 79% of national revenue. The region also generated R$3 billion in new revenue during 2025.

Despite the favorable environment, a new wave of supply is beginning to take shape. Brazil has 5.9 million sqm of logistics space planned for delivery over the next two years, equivalent to nearly 20% of the current inventory.

Northeast takes second place

After the Southeast, the Northeast is the region that contributes the most to the “GDP of logistics parks.” Regional revenue reached R$750 million in 2025, up nearly 19% from R$628 million in the previous year.

The result places the Northeast ahead of the South, which generated R$653 million. The region also produced R$343 million in new revenue, almost twice the R$178 million recorded in the southern market.

The regional expansion has also been supported by major e-commerce platforms. Mercado Livre, Amazon and Shopee are the three largest occupiers of logistics parks in the Northeast, with approximately 300,000 sqm, 203,000 sqm and 185,000 sqm, respectively.

During the quarter alone, Mercado Livre signed new leases at Armazenna 4 Centro Logístico in Pernambuco, Log Fortaleza III in Ceará and Log Maceió in Alagoas. The transactions reinforce the expansion into markets beyond major metropolitan areas and the geographic diversification of these companies’ distribution infrastructure.

Growth is expected to continue. Approximately 714,000 sqm of new logistics space is currently planned, equivalent to nearly 22% of the Northeast’s existing inventory. The region currently has a vacancy rate of just 3.89%, below the national average.

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