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Strong demand for new warehouses

Driven by e-commerce, which has been growing significantly in the last decade and has intensified more with the pandemic, the logistics warehouses market shows encouraging results that companies in the sector continue to bet on an optimistic scenario. "We have never been in a stronger position as this", says Sérgio Fischer, CEO of Log, one of the largest developers and rental companies of logistics warehouses with a presence in all country regions.

Fischer's optimism is seen throughout the sector, which plans to build 3.7 million square meters of Class A+, A and B warehouses this year, an area well above the 2.2 million square meters delivered in 2021. It is the second-largest ranked in the market since the beginning of the monitoring, according to SiiLA, an American multinational of solutions and analyses for the commercial real estate market in Latin America. Before that, the highest volume of new stock was in 2013, when another 2.6 million square metres were delivered.

SiiLA's projections will not necessarily come to fruition because the market itself may decide to postpone projects according to the demand for new areas during the course of the year. With this, the depreciation of rent prices would be avoided. "Considering that rising inflation, high-interest rates and the exchange rate impact household consumption and that we are in an election year, I believe that the delivery of new areas this year could be between 2.7 million and 2.8 million square meters. In other words, below the forecast at the beginning of the year, because the demand for new warehouses is directly linked to consumption", says Giancarlo Nicastro, CEO of SiiLA.

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