The high-end industrial properties market in Brasília, Federal District, has shown a positive performance in the first half of 2023. In fact, during the first quarter of the year (1Q23), it recorded the lowest vacancy rate since the beginning of monitoring by the SiiLA Market Analytics platform, with 1.4%. Moving into the second quarter (2Q23), despite a slight increase, the vacancy rate remains low, standing at 2.4% for the market. These figures pertain to Class A+ and A assets. The average asking price is at R$23.00 per square meter.

Unveiling the Market Insights

SiiLA has been meticulously mapping the region since 2018. Overall, Brasília boasts 102,431 square meters of industrial properties. Among these, the Transport and Logistics sector holds the majority share of occupancy at 41.7%, followed by Retail at 28%, and Food, Beverages, and Tobacco at 12.91%.

 Among the prominent assets in Brasília, Golgi Brasília takes the spotlight—a Class A+ property delivered in 2004, owned by Autonomy Ivestimentos. Its Gross Leasable Area (GLA) spans 36,400 square meters.

These regional assets magnetize major corporations, spanning the sectors mentioned earlier. Notable tenants include e-commerce giant Amazon, the French supermarket chain Carrefour, transport and logistics company ID Logistics, and others.

Anticipating Future Stock

Since SiiLA's regional monitoring initiation, Brasília has not seen new logistic areas. However, the delivery of Log Brasília is projected by year-end. This asset will encompass 63,594 square meters of GLA. Constructed by LOG CP, it is expected to earn an A+ classification, and according to the company the property is already under construction, shedule to be delivered in the coming months.

Beyond Log Brasília, the XP Exeter II Brasília project is underway, envisioning 67,424 square meters of GLA and a premium A+ classification. The development project is spearheaded by XP Properties itself, illustrating their growing investments in logistic assets.