Investment in logistics assets amounted to more than €210 million during the first quarter of 2020, whereby exceeding the average recorded during the same period over the last ten years, according to Knight Frank.
The logistics sector has continued to remain active since the start of the State of Emergency due to the pandemic. During the first three months of the year in Madrid, almost 120,000 square metres of space was leased, up by 18% compared to the same period in 2019. Meanwhile, in Barcelona, 105,000 square metres of logistics space was leased, according to the consultancy firm Knight Frank.
At the beginning of the year, operators were already leasing more space. During the first three months of 2020, prime rents remained stable in Madrid and Barcelona, as did the availability rate, which revealed a scarce supply in the main logistics nuclei, of 6% and 3.5%, respectively.