Forcadell: c. 70% of Logistics Transactions in Cataluña Span Less Than 10,000 m2
22 January 2020 - Cadena de Suministro
According to a report compiled by the consultancy firm Forcadell about the performance of the inmologistics market in Cataluña during Q4 2019, 13 transactions were recorded in total, covering a surface area of 124,572m2, taking the total for the year to 589,924m2, down by 11% YoY.
The main reason for the decrease was the lack of triple A warehouses measuring between 5,000 m2 and 10,000 m2 available in the first and second rings.
By surface area, 46% of the operations closed during the final quarter of 2019 corresponded to projects spanning between 5,001 m2 and 10,000 m2, whilst 8% measured between 2,501 m2 and 5,000 m2, and 15% spanned less than 2,500 m2. Meanwhile, projects measuring more than 10,000 m2 accounted for 31% of the total surface area transacted.
Rents remained stable during the quarter at €7/m2 in prime areas, between €5/m2 and €6/m2 in the second ring and around €3.5/m2 in the third ring.
Original story: Cadena de Suministro
Translation/Summary: Carmel Drake