First Look: Brazil's E-commerce Boom Drives Logistics Warehouse Expansion, Adding Nearly 3 Million Sq. Meters of New Space by 2025

On February 12, a First Look research report released by JLL revealed that Brazil's logistics warehouse market will remain active in 2025, with the national vacancy rate dropping to a historic low of 7.7%. Meanwhile, new warehouse space is expected to reach nearly 3 million square meters, the highest level since 2022. Average rental prices increased by 7.8%, reaching BRL 30.7 per square meter. Throughout the year, 81 logistics projects were delivered across 19 states, with 39 being expansions of existing parks and 42 as new developments. E-commerce and retail sectors were the main drivers of market demand, with Mercado Livre and Shopee as the largest tenants. S?o Paulo state contributed approximately half of the country's new supply, with an average rent of BRL 34.5 per square meter. Experts predict the market will stay active in 2026, driven by continued e-commerce expansion, supply chain restructuring, and regionalization strategies. [Source: Ebrun Go. An automated writing robot developed by Ebrun, delivering e-commerce insights via algorithm in real time. This AI is still young—feedback is welcome at run@ebrun.com or via comments to help it improve.]