During his presentation, Giancarlo Nicastro underscored the limited addition of new stock in São Paulo state during Q3. Only 5,000 m² was delivered, representing an expansion at the Rio Claro Complex. “Strong demand coupled with low new supply has driven the vacancy rate down to 7.70%,” he noted.

Nicastro also shared exclusive data on asset performance across São Paulo’s key highway corridors. “The Anhanguera/Bandeirantes corridor stands out, with SiiLA tracking 7.11 million m² of industrial space along these highways,” he explained. He further provided insights into the performance of assets along the interior-to-capital corridor, comparing vacancy rates, market rents, and other key indicators.

Closing the presentation, Giancarlo Nicastro discussed the performance of the area within a 30-kilometer radius, considered last mile, to serve São Paulo’s urban consumption. “Our occupancy analysis shows that consumer goods companies have increased their occupied space within the 30-km radius by 73% between Q3 2019 and Q3 2024,” noted the executive. “As in the rest of the country, Mercado Livre is currently the main tenant in this radius. Following are Shein, Magalu, and Lojas Riachuelo, all with a strong presence in e-commerce,” he concluded. 

ABRALOG is a Brazilian logistics association, and its Real Estate committee, responsible for organizing the event, holds monthly meetings addressing relevant topics for the industrial real estate market.  

JHA Corporate Boutique is a high-end development that joined São Paulo’s inventory in May 2024. Part of RBR’s portfolio, the property offers 5,600 m² of corporate space in the Itaim Bibi area. Visit the property page on the SPOT! platform.