Barueri boosts the logistics warehouse market – 03/19/2023 – Panel SA

Barueri boosts the logistics warehouse market – 03/19/2023 – Panel SA

The market for high-end logistics warehouses in São Paulo closed February with 226 thousand m² in net absorption, which indicates the balance between the devolution of spaces and new occupations. The municipality of Barueri had the biggest boost, with 179,000 m² absorbed, according to consultancy Cushman and Wakefield.

The state registered 235,000 m² in new developments, with almost 80% of these warehouses located in Barueri. The Greater ABC region added 27,000 m² in new spaces and Sorocaba, another 22,000 m².

The vacancy rate in the state remained stable in relation to January and closed below 12%.

According to Cushman, the results outside São Paulo were not very expressive. Pernambuco was the state with the best performance, around 5,000 m² of net absorption and a vacancy rate of 0.5%.

Minas Gerais, on the other hand, registered negative net absorption of 71 thousand m², after the exit of a retailer in Betim. The company occupied a warehouse of 62 thousand m².

São Paulo and Minas Gerais lead the price ranking, charging BRL 24 per square meter, followed by Bahia (BRL 23).

Joana Cunha with Paulo Ricardo Martins It is Diego Felix

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