The vacancy rate in Extrema ended 2024 above 12%, reflecting an increase of more than 10 percentage points throughout the year. At the close of 2023, the rate was just 1.42% for top tier properties (Classes A+ and A). Currently, the region boasts a total of 1,248,051 m² of industrial area, with 215,000 m² delivered last year.

According to data from SiiLA's Market Analytics platform, the Extrema II industrial properties has a total area of 74,969 m², spread across three warehouses, with an efficiency rate of 90%. With the departure of Bel Micro, the vacancy rate for the industrial rises to 14.52%.

In an interview with REsource, Franklin Tanioka, the fund manager of RBR LOG, highlighted the asset's quality and mentioned that the property remains positively occupied.

“We've already started negotiations to replace the lease. The asset is 100% leased, and this movement allows other tenants to expand within the same development. The property is of excellent quality, and the region continues to have high demand for spaces, low vacancy, and a trend of price appreciation,” said Tanioka.

Currently, the largest occupants of the industrial properties are DHL, with 14,900 m² leased, followed by FedEx with 14,500 m² and Vulcabrás Azaleia with 11,300 m². Bel Micro, which leased 10,328.7 m², was the fourth-largest tenant of the property.