Logistics Centers in Lima Record 110,000 m2 of Absorption in First Half

The logistics center market in Lima, Peru, maintained a strong performance during the first half of 2026. The accumulated annual absorption exceeded 110,000 square meters (m2), representing a 61% growth compared to the previous six months and confirming the strength of this segment.

This performance was reportedly driven by the incorporation of new spaces and companies' interest in operating within modern and strategically located logistics infrastructure.

“The market 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 rates show that companies continue to prioritize strategic locations that allow them to make their operations more efficient,” stated 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 dropped to 5.7%; while in Class A logistics centers, it decreased from 9% to 5.3% between one half-year and the next.

This behavior is a response to the rapid occupation of new supply that entered the market during the period, demonstrating that modern developments continue to be the most valued by companies across various sectors seeking to optimize their logistics operations.

One of the main changes observed during the half-year was the leadership of the southern zone, which took prominence during the period. This corridor recorded an occupation of over 68,000 m2 of space, consolidating itself as a growing submarket with sustained prominence.

The Callao and eastern 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, following the incorporation of over 24,000 m2 of new supply in Lurín.

However, the entry of these spaces did not lead to 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.