Absorption breaks record in the high-end logistics condominium market | 3Q 2021
Vacancy rate continues to decline, according to the First Look report.
The third quarter of 2021 registered a record lease of space in high-end logistics condominiums, according to the First Look study, carried out by JLL. The gross volume was 924 thousand m² and the net, 761,000 m². The result pressed the vacancy down again. The index reached 10.66%, 2.27 p.p. less than in the previous quarter and the lowest ever recorded by the survey
São Paulo was responsible for the largest transactions in the period, with emphasis on the region of Cajamar, which, adding Mobly, Mercado Livre and Loggi negotiations, had 166.8 thousand m² occupied. The state has a vacancy rate of 11.53% and an average asking price of R$20.57. Other states also registered important absorptions. Amazon occupied 32 thousand m² in Rio Grande do Sul and Semp TCL 34 thousand m² in Amazonas. In Rio de Janeiro, Loggi absorbed 18,100 m² in Pavuna and Creditas 16,200 m² in Duque de Caxias.
The forecast is that by the end of 2021, more than 800 thousand m² will be delivered in different states of the country. For 2022, the expectation is that more spaces will integrate the portfolio of logistics condominiums, reaching 2.5 million m², with 67.7% concentrated in São Paulo and 13.6% in Rio de Janeiro.