CBRE: Logistics Leasing Rose by 100% in Valencia but Fell by 67% in Madrid in Q1 2019

15 April 2019 – Eje Prime

According to a report published by CBRE, logistics leasing amounted to 464,000 m2 during the first quarter of 2019, distributed primarily across the centre of Spain, Cataluña, Valencia, Zaragoza, Sevilla and Bilbao.

In the central region, 73,700 m2 of space was leased, down by 67% with respect to Q1 2018; and in Cataluña, 215,700 m2 was leased, up by 18% YoY. Meanwhile, in Valencia, 160,000 m2 of space was leased, twice as much as during the same period in 2018. Logistics leasing in Sevilla, Zaragoza and Bilbao amounted to 9,500 m2, 3,600 m2 and 1,500 m2, respectively.

In addition, €191 million was invested in the logistics sector during the first quarter of 2019, with the logistics company Columbus and the property developer Pulsar accounting for 60% of that total.

Original story: Eje Prime

Translation/Summary: Carmel Drake