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Logistic warehouse market breaks records driven by the e-commerce booming

The online sales growth was just one of the many transformations brought about by the pandemic, and this expansion is not the only one. It also stimulated a series of other businesses that guarantee the e-commerce cycle, from mobile or computer purchases to delivery to the consumer.

Amidst this expanding chain, few markets have grown as much in the last two years as high-end logistics warehouses - and e-commerce was both the main attraction of this growth, as it is the confidence factor for those investing in these large companies and increasingly more technological spaces.

Among the ten largest occupants of logistics condominiums currently in Brazil, three have e-commerce operations only, with around 1.1 million sq metres leased, almost double the 583 thousand sq metres occupied a year ago.

The vacancy rate, which indicates the percentage of square meters available for lease, continues to fall, despite the significant increase in new spaces. The number varies between 8.95% and 12.56%, depending on the consultancy (some include only properties considered to be of a high standard, others of all types).

From January to September, just over 1 million sq metres had been delivered, according to SiiLA. However, the bulk of submissions was scheduled for the last quarter of 2021.If all forecasts come true, another 1.2 million sq metres will be available for lease until this year ends, surpassing by 12% the total leasable area registered at the end of 2020.

The growth of online shopping has strengthened companies' operations in other regions. Giancarlo Nicastro, CEO of SiiLA, says there is a lot of opportunity for expansion outside São Paulo. By the end of this year, deliveries are also planned in Ceará, Goiás, Minas Gerais, Rio de Janeiro, Paraná and Rio Grande do Sul.

In Rio, three projects are being completed, with sizes between 19,500 sq metres and 28.7 thousand sq metres, which could further raise the vacancy rate, today between 18% and 19.8%, depending on the consultancy, positioning the municipality as a kind of ugly duckling amid the logistics boom.

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