CBRE: 1.9 million m2 of Logistics Space was Leased in 2018

29 January 2019 – Eje Prime

The logistics wave is showing no signs of letting up. Leasing in the sector amounted to 1.97 million m2 last year, a historical record, according to CBRE. The data includes Valencia, Zaragoza, Sevilla, Málaga, the centre of the country and Cataluña.

Meanwhile, investment in the sector amounted to €1.5 billion. The consultancy firm highlighted that the high demand and available supply is causing a boom in projects, above all in central areas of the country.

This mismatch between supply and demand is also driving up prices: prime rents in Madrid and its area of influence rose by 5% to €5.50/m2/month, whilst in Cataluña, they rose by 8%, to €7/m2/month.

Original story: Eje Prime 

Translation: Carmel Drake