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96 // iberian.propery / 2017
dossier// ISSUE: TOP IBERIAN cities
RETAIL
High Street Retail:
the number of high street retail
operations in the city of Valencia has increased
substantially, both for rental and investment
Shopping Centres
: 594.500 m² of new GLA in the
pipeline until 2019
INDUSTRIAL
Stock
: 188.000.000 m² of industrial land distributed
across 660 developments
Demand
: 130.000 m² allocated in 2016, consolidating
Valencia’s position as the third principal focus of
logistics demand in Spain
Supply
: built-up area available for occupancy is
increasingly scarce, generating a positive reaction
from the development side with the launch of
several speculative projects that will inject larger
and more sophisticated facilities into the market.
One example is the platform constructed by
Prologis in Ribarroja (23.472 m²)
€
Under sale
: almost 1 million m² of public land,
environmentally friendly and in compliance with
the most demanding sustainability requirements,
available for industrial use; sold under a land at no
cost leasing regime and through the concession of
surface rights
8
,7
Vacancy rate
: 8.7% (Q1 2017, Source. CBRE)
Trend
Province
Town
Square metres Min. plot area Max. plot area
Valencia
Utiel
78.334,93
800
10.454
Sagunto
888.496 (indus-
trial)
6.500
358.270
159.530 (tertiary)
15.860
51.781
Castellon
Alcalà
136.020
820
5.875
Alicante
Tibi
75.609,28
1.018,32
2.339
Xixona
65.553
900
5.787
source: Invest in Comunidad Valenciana, Parques Empresariales
Scarce quality
supply in prime
zones, which has
driven demand
in alternative
locations
by logistics
operators looking
for large spaces
The lack of
available
quality logistics
warehouses has
extended to all of
Valencia’s market
segments