Logistics’ take up in Madrid up 7% in 2016

Logistics’ take up in Madrid up 7% in 2016

Take up in logistics space in the capital has been especially concentrated in the fourth trimester of the year, with 186,000m2, 19% more than the same period of the previous year

Most of the activity in Madrid was registered in the area of the main exit corridor to Barcelona (A-2), with a total of 215,000 m2 and 24 projects throughout 2016. The Toledo axis (A-4) has been named as the zone with the second highest level of logistics’ take up with a total of 167,000 m2 divided between 15 projects.

Prime rents in the area of local distribution rose to 5.25 €/m2/month, a small rise compared to 2015 (5 €/m2/month) due to the scarcity of supply of quality premises in the zones nearest to the city.

The reactivation of consumerism coupled with the growth of e-commerce are revolutionising the logistics sector, indeed this will be the sector which experiences great changes over the next few years due to the arrival of new technologies. In this context, there exists a growing need for platforms of urban distribution allowing a greater delivery speed, and saving in terms of energy and pollution.. Over the next few years we will see the supply of this kind of premises on the increase, especially in large cities like Madrid and Barcelona”, commented Alberto Larrazábal, national director of Industrial and Logistical real estate at CBRE.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!