The economic recovery has slowed down all around the world in recent months, in part due to new outbreaks of Covid-19 in China, and in part due to the conflict between Russia and the Ukraine, both of which have significantly impacted economic activity and global inflation. Brazil experienced unexpected growth in the first quarter of the year, and all indications are that this will also be the case in the 2nd quarter. As a result, the most recent Central Bank inflation report, published on June 30, now expects the GDP may grow 1.7% this year, an improvement over the 0.5% expected early in the year.
In recent years the inventory of industrial and logistc segment almost doubled in Brazil, from 16 to 29 million sq.m, yet the vacancy rate continues to drop, closing the quarter at 9.6% this quarter, the lowest since 2014. These numbers show that demand has kept up with supply, with consecutive increases in gross and net absorption in all regions. Demand is coming from diverse sectors, led by large retailers and logistics operators.Download Rio de Janeiro Industrial /Logistics Market Report Q2 2022