Logistics Centers in Lima: Absorption Exceeds 110,000 m² in First Half

The logistics center market in Lima maintained a solid performance during the first half of the year. The accumulated annual absorption exceeded 110,000 square meters (m²), representing a 61% growth compared to the previous semester and confirming the strength this segment has been showing, driven by the incorporation of new spaces and companies' interest in operating in modern and strategically located logistics infrastructure.

"The market's behavior during the first half confirms that the demand for modern logistics infrastructure continues to strengthen. The rapid occupation of new spaces and the reduction in vacancy demonstrate that companies continue to prioritize strategic locations that allow them to make their operations more efficient," said Denise Vargas, market research coordinator at Cushman & Wakefield.

The market's dynamism was also reflected in a lower availability of spaces. According to the latest report from the aforementioned firm, the vacancy rate decreased to 5.7%, while in Class A logistics centers, it dropped from 9.0% to 5.3% between one semester and the next.

This behavior responds to the rapid occupation of the new supply that entered during the period, demonstrating that modern developments continue to be the most valued by companies from different sectors seeking to optimize their logistics operations.

One of the main changes observed during the semester was the leadership of the South Zone, which took the prominence it had during the period. This corridor registered an occupation of spaces of over 68,000 m², consolidating itself as a growing submarket with sustained prominence. The Callao and East zones maintained their activity, reflecting that occupations remain distributed among Lima's main logistics corridors.

The report also highlights that the inventory of logistics centers in Lima approached 2 million m² after the incorporation of over 24,000 m² of new supply in Lurín. However, the entry of these spaces did not generate an increase in availability, as they were quickly absorbed by the market. This behavior demonstrates a balance between the incorporation of new projects and companies' ability to occupy them in the short term.

The combination of low vacancy, sustained demand, long-term contracts, and the need for specialized infrastructure continues to strengthen the positioning of the logistics sector within the corporate real estate market.