This type of tenant movement is not new for Minas Gerais. Data from SiiLA’s Market Analytics indicates that this pattern of tenant entries and exits within close timeframes is common across the state. 

Recently, at VBI Log Extrema, Sequóia, a transportation and logistics company, vacated 6,2 thousand m². However, within the same quarter, this space had already been leased by GoCase and another company. 

A similar pattern was observed in the Metropolitan Region of Belo Horizonte during Q4, where tenant shifts occurred at LOG Betim, following the departures of Docteka and Dupatri Hospitalar.  

In 2024, the region's net absorption reached 330 thousand m², while gross absorption totaled 439,900 sqm. With the addition of 506 thousand m² in new supply, the vacancy rate reached 12%. Overall, the region has more than 3 million m² of A+, A, and B industrial properties.

The strength of the Minas Gerais market is reflected in key figures. A notable example is LOG Juiz de Fora, owned by LOG CP, which has maintained zero vacancy since Q1 2023. In Q4 2024, the property underwent an expansion fully leased to Mercado Livre. 

All this resilience and strength highlight Minas Gerais as a key investment hub for industrial properties in Brazil. In 2025, the state is expected to add 290 thousand m² of new stock, including new developments and retrofits of established assets. For example, Ourinvest is currently carrying out a complete renovation of Fator Juiz de Fora, a 31,8 thousand m² property.