10 October 2018 – Eje Prime
The Catalan logistics sector is seeing its figures soar. With three months still to go before the end of the year, the industrial segment of the real estate sector has already exceeded the total volume of space leased in all of 2017, with 486,946 m2 leased during the first nine months of 2018, according to data from the real estate consultancy Forcadell.
The report from the Catalan consultant points out that during the third quarter of 2018, 99,557 m2 of logistics space was leased, up by 28% YoY. That figure means that the leasing volume to date exceeds the figure recorded by Forcadell at the end of last year (459,451 m2).
The second ring of Barcelona is leading the increase in the Catalan logistics sector, accounting for 47% of the operations signed during the third quarter. In total, seven operations were registered in this area between June and September, with 50,341 m2 of industrial land leased.
The second ring was followed by the first ring, which accounted for 40% of operations and a total leasing volume of 43,216 m2. The third, with some plots located in the province of Tarragona, accounted for 13% of the transactions in this market in Cataluña.
The Director of Industrial and Logistics at Forcadell, Gerard Plana, said that “new construction projects are continuing to offset the lack of available supply”. Seven of the fifteen operations that were completed during the third quarter in Cataluña involved new build or turnkey assets.
In terms of the largest operations signed during that period, they included Henkel’s new 24,000 m2 warehouse in Montornès del Vallès and the 10,520 m2 warehouse that Mercadona leased from Goodman in Barcelona’s Zona Franca area.
Original story: Eje Prime
Translation: Carmel Drake