Demand for high-end warehouses is driven by ecommerce, and vacancy decreases, says survey

São Paulo The vacancy rate of logistics condominiums classified as A or A+ (i.e., high standard) fell to 4.9% in the third quarter of 2026, according to monitoring carried out by the consultancy Binswanger Brazil. The result represents the lowest level in the historical series, which began in 2013.

The total stock of high-end warehouses in Brazil reached 39.6 million square meters in 23 states monitored by the consultancy.

Of this amount, 72% are located in the Southeast. The South accounts for 13.5% of the stock, and the Northeast, for 11%. The other regions share 4%.

The average price in the period was approximately R$35.10 per square meter and per month.

Mercado Livre dominates the ranking of largest occupations in the quarter. The company's venture in Guarulhos, with an area of ​​more than 77.9 thousand square meters, appears first on the list. The company also occupies second and fifth place with projects in Greater ABC, with 62.4 thousand square meters, and in Cajamar (SP), with approximately 54.9 thousand square meters.

The ecommerce platform also leads the list of largest occupiers. Mercado Livre occupied an area equivalent to almost 3.7 million square meters. The top five places are occupied, in addition to Mercado Livre, by Shopee (1.7 million square meters), Amazon (786 thousand square meters), Magalu (518 thousand square meters) and DHL (438 thousand square meters).

Together, Kothe, Tecadi Group, Editora FTD, Hyundai Mobis, Ceva Logistics, Cemig, Mann+Hummel, Renner, Grupo 3corações and Vonder (Grupo OVD) leased 921 thousand square meters of industrial and logistics condominiums of A+ and A standards, from July to September, according to Binswanger research. Including Mercado Livre and Shopee, gross absorption reached 1.5 million square meters.

According to the consultancy, the strong demand for logistics and industrial condominiums of A+ and A standards, mainly from e-commerce companies, has resulted in a rush for well-located areas even before the projects are completed.

In the third quarter, the pre-leased portion of warehouse projects under construction reached 39%, according to the survey.

The consultancy also states that, considering the existing supply and the current absorption level of warehouses, if nothing else is delivered, availability will be sufficient to meet demand for 6 months, compared to 11 months in the third quarter of 2025.

"Companies' expansion plans may come up against a lack of warehouses. Increasingly, the pre-leasing of areas is necessary to ensure quality developments in the most desired locations", says Simone Santos, managing partner of Binswanger.