Join our mailing list for Real Estate News, Events, Insights & Resources.
Cajamar and Extrema: Separated by Distance, United by the Industrial Properties Boom
- The proximity to São Paulo that Cajamar enjoys and Extrema's tax incentives have attracted the interest of many developers and companies to the region
By: SiiLA News
10/28/2024 Cajamar and Extrema: two distinct regions with one major commonality: industrial properties. Despite being located in different states, both regions are gaining attention for their substantial warehouse properties and the growing presence of companies.
On one side, there’s Cajamar, located near São Paulo, offering competitive prices despite its prime location. On the other, Extrema, a small city in Minas Gerais, has attracted businesses and investors with tax incentives.
In recent years, both Cajamar and Extrema have experienced significant growth in their property stock, more than doubling in size. Cajamar’s stock jumped from 1.2 million m² to 2.9 million m² over the past eight years — a 136% increase. Extrema, however, stands out with its rapid growth; in 2016, it had 128 thousand m², and today it boasts 1.1 million m², marking an impressive 810% growth.
New Stock
Since 2020, 8.9 million square meters of class A+, A, and B industrial parks have been delivered across Brazil. Of this new stock, Cajamar accounts for 17.2%, while Extrema represents 10.2%.
Up until the third quarter of 2024 (Q3 2024), Cajamar and Extrema collectively delivered 133 thousand square meters and 110 thousand square meters, respectively.
Cajamar
Among Cajamar's main developments is GLP Bandeirantes, delivered this year and already hosting a prominent tenant: the retailer Shopee, which leased 70 thousand square meters in June. The development is still ongoing, with an additional 86 thousand square meters planned for delivery.
For 2025, the first phase of Golgi Cajamar is scheduled to conclude, adding 93 thousand square meters, with phase two possibly being advanced to add another 54 thousand square meters by early 2026.
Extrema
The main deliveries in Extrema this year focused on the CityGate Itapeva, a 50 thousand square meter project completed in June. The asset already has a 12 thousand square meter lease to Dona Rita Embalagens. Additional expansions occurred in two developments: Cy.log Modal Extrema I and BBP Extrema.
Cy.log Modal Extrema I received an expansion of over 22 thousand square meters with Phase II of the project. Currently, the space is leased by DHL, which operates for Adidas, making it their main distribution center.
BBP Extrema, in turn, added two new modules of 5 thousand square meters and 8 thousand square meters, both already leased. The larger one was allocated to Arfrio, while the smaller one was occupied by Volo Logística.
ABOUT SiiLA
Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.
Kinea and Brookfield structure joint fund for Brazil’s multifamily market
05/27/2026What Would Brazil’s Industrial Properties Market Look Like Without Mercado Livre, Amazon and Shopee?
05/26/2026LOG enters financial market with new platform for fund management and logistics investments
05/25/2026AWS on JK and Amazon on Rebouças: the American giant’s move reflects a broader market trend
05/21/2026Investments
Record Growth: 7.9% Vacancy in Northeast Fails to Slow Logistics Expansion
7 Bridges Capital Sees Industrial Property Market as a Primary Investment Target
Market Trends
Real Estate Culture Sets Rio and São Paulo Apart: On the Coast, the View Matters; in São Paulo, Prestige Comes from Location
A 12% Vacancy Rate Marks Balance in Mature Real Estate Markets — Here’s Why
Trusted by Leading Publications
EXCLUSIVE CONTENT
