The reflexes of Donald Trump’s fare against Brazil can reach the corporate real estate market, reaching commercial slabs and logistics centers. Reductions in the profit margins of export companies can lead them to reevaluate business strategies, postpone investments and wipe out operations, resizing the located areas.
This impact, although not immediate, could reach a market that was with the, demonstrating high demand for available spaces in the evaluation of RealtyCorp consultancy.
Thus, the high tendency in the search for accumulated logistics offices and warehouses in recent quarters can find resistance in the second half, impacting contracts in negotiation. In the logistics market, there are more than 5 million square meters under construction, with deliveries scheduled for 2025 and 2026.
“In the universe of offices and warehouses, this tends to translate into partial or total returns of corporate spaces, which directly influences the rate of vacancy and the dynamism of contracts on the market. Just because I have been part of this industry for a long time, I realize to be notorious, and even awaited, the retreat at times like this,” says Gerson Rodrigues, the managing partner of RealtyCorp.
Return of spaces
When the economic activity is decreased, the real estate market often reflects this slowdown. Rodrigues states that the first movement is the return of spaces already occupied. Then comes the postponement of new locations and the interruption of expansion plans.
“Even resilient sectors, such as logistics and distribution, may feel the effects if the exports of exports leads to the reduction in the flow of product and goods flow,” he says.
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Uncertainty advance business
The uncertainty generated by the determination of tariffs without clear commercial basis puts the country in pause mode, because it makes the business more conservative, according to Rodrigues.
This is reflected in lower risk appetite, especially in relation to long -term investments. Thus, the occupation of new headquarters, installation of distribution centers or relocation of operations for more strategic hubs cease to happen.
“Given this scenario, it is essential that the players Real estate market maintain extra attention to macroeconomic and commercial movements. More than monitoring vacancy and price indicators per square meter, it will be necessary to analyze the behavior of the main exporting sectors in depth and understand how their movements have repercussions on the occupied real estate portfolio today, ”he says.
