Cajamar tops the national ranking in logistics space, with over 3 million square meters and a vacancy rate of 10.2%. Located just outside São Paulo, the city has become a logistics hotspot due to its proximity to the North and West zones of the capital and easy access to major highways.

Guarulhos comes in second with 2.6 million square meters. Despite being a more established market, it remains key due to its strategic location near São Paulo’s East Zone and the International Airport. Its vacancy rate, however, is one of the highest in the top ten at 12.4%, following the recent addition of 364,000 m² to the inventory.

The ranking continues with two more regions in São Paulo state: Jundiaí in third place and Barueri in fourth.

Greater Belo Horizonte is the first region outside São Paulo to appear on the list, ranking fifth with 1.33 million square meters and a 7.5% vacancy rate.

The lowest vacancy rate among the top ten goes to Extrema (MG), in sixth place, which had 0% vacancy at the end of Q2 2025 — a sign of strong demand for logistics space in this border region between Minas Gerais and São Paulo.

Campinas (SP) is seventh on the list, followed by Duque de Caxias (RJ), Rio de Janeiro’s main logistics hub, with just over 1 million square meters. With key roads like the Washington Luiz Highway and proximity to the Metropolitan Arc, the region boasts one of the lowest vacancy rates in the top ten: just 3%.

Ninth place goes to Embu (SP), another area near the capital. Unlike the other top-ranked regions, Embu is the only one with a vacancy rate above 12%, registering 17.56% — a negative outlier.

Closing the list is Cabo de Santo Agostinho (PE), the only representative from the Northeast. With 963,000 square meters of logistics space, the city holds a significant share of the Recife metro area’s supply. Its 7.3% vacancy rate suggests relative stability and potential for new developments — especially given the growth of e-commerce and the strategic role of the Port of Suape in regional logistics.

In the second quarter of 2025 alone, the ten largest logistics markets recorded 969,800 m² of gross absorption. This number was largely driven by Mercado Livre, which leased 105,000 m² in the regions analyzed during the quarter.

The e-commerce giant is currently the top occupier across these ten regions, with a footprint of 1.38 million m² — more space than the entire inventory of markets such as Greater Belo Horizonte, Extrema, Campinas, Duque de Caxias, Embu, and Cabo de Santo Agostinho.

Nationwide, Mercado Livre’s total logistics footprint reaches 1.76 million square meters, according to data from SiiLA’s Market Analytics platform.

Rafael Picerni, a research and strategy specialist at JLL, says this growth is not exclusive to Mercado Livre but is part of a broader trend in the retail and e-commerce sectors.

“The growing demand from retail and e-commerce companies in recent years is one of the main drivers of interest in developing new warehouses in less consolidated regions, as vacancy rates are low in almost every Brazilian state. A significant share of new supply has been delivered as pre-leased or build-to-suit (BTS) projects, showing that demand remains strong,” he told REsource.

Picerni also notes the importance of considering each region’s urban development dynamics, including zoning laws and environmental licensing.

With SiiLA’s Market Analytics, you get exclusive, up-to-date insights on occupancy, supply, and performance in Brazil’s key industrial hubs. 

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